What business risks does Key Person Insurance help address?

Key Person Insurance is designed to help a business manage the financial disruption that could occur if an essential employee or owner dies or becomes disabled. The loss of a key individual can affect revenue, client relationships, lending arrangements, and day-to-day operations. Insurance proceeds can provide funds to support cash flow, stabilize operations during a transition period, and help cover costs related to recruiting, training, or restructuring while the business adjusts.