Question

If you or a key employee couldn’t work due to injury or sickness for up to one year, will this cripple your business?

Importance

Imagine the temporary (1-12 months) loss of the highest the income generator to your business. It will cause

• loss of revenue
• loss of key clients and projects
• disruption to your plans, momentum
• new expenses

Solution

For the cost of approx. 1% of the revenue you need to replace, you can cover the loss of revenue attributed to the key person’s absence. For example, to replace up to $300,000 in lost revenue, the cost will be around 1% or $3,000 p.a. for this key person insurance. Paid monthly to your business, for up to 12 months. It provides cash flow, allows business continuation and can fund recruitment and/or retraining. Risk Management in action.

To find out more, call Steve Beetham on our RiskMA on 0413 617 855.