How would your company survive if a key employee dies or suffers a serious illness? Here at Safeguard Life, we are experts at advising Melbourne companies and businesses on Key Man Insurance, also known as Key Person Insurance.
With Key Man Insurance, a company purchases a life insurance policy on its key employee(s), pays the premiums, and is the beneficiary of the policy. If the employee unexpectedly dies, the company receives the insurance payout.
As the business is the beneficiary under the Key Man or Key Person Insurance Policy, once a claim is accepted, the business receives a fixed monetary sum for financial losses that could arise from the death or major illness of a key business member.
These payments can then be used to help compensate the company for lost income, loss of opportunity to expand, loss of specialised skills, or losses resulting from the delay or cancellation of any work that the key person was involved in.
With our strong background in the finance industry, Safeguard Life in Melbourne is perfectly poised to deliver only the best Key Man Insurance or Key Person Insurance advice to our clients. We pride ourselves on our extremely high standard of service, giving our clients personalised attention and going the extra mile to ensure that their every need is being met, no matter how small.
Our clientele reflects our reputation as insurance specialists. We only offer insurance advice, and that is why financial advisers and accountants refer their clients to us. In fact, last year we received over 150 referrals from various financial planners, general insurance brokers, mortgage brokers, lawyers and accountants.
Could your business withstand the loss of a key person? Key Man Insurance or Key Person Insurance is what you need. Reduce your risk and protect your business today. Contact Safeguard Life and let us help you to secure your business’s future.
Safeguard Life are your Melbourne insurance specialists with a solid reputation for providing only the best insurance advice. Contact us for more information on our range of services, including Buy-Sell Business Insurance, Key Person Protection, Income Protection Insurance, Critical Illness or Trauma Insurance and Claims Management.