Great Ideas for Unique Insurance Sales Opportunities: Crucial Benefits

Crucial Benefits – Key Person Disability Insurance
Key Person Disability Insurance provides crucial benefits for any functioning business in order to protect the company from financial hardship that may result from the loss of a key employee due to disability. Key Person coverage provides cash flow to help a company move forward and maintain a profit in the event that a key employee becomes disabled.
The company could use the disability benefits to hire a temporary employee should the disabled employee’s prognosis appear to be a short-term disability. In the unfortunate circumstance of a permanent disability, benefits would then be used to help defray the costs related to hiring a replacement employee. These expenses could include recruitment, training, startup, loss in revenue, and unfunded salary continuation costs.