Many companies spend large amounts of money insuring their plant, stock and machinery, but often overlook their greatest asset – their most valuable employees who are key people in their business.
A key person is any person in your business whose sudden loss would have an impact on your company’s wellbeing. Without this person, your business could suffer significant disruption.
The loss of a key person through death or disablement can have a significant impact on your business, resulting in significant damage to your bottom line, operations and reputation. In a recent Mercer Marsh Benefits Five Pillars of People Risk Report, 67% of respondents deemed it likely that a key person risk would affect their business within the next 3 years, and 55% stated that the loss of a key person would have a high impact on their business. Our team of Personal Risk advisers can partner with you to find the right solutions to protect your business. We can help you:
- Assess the key person and human capital risks for your business, providing insights and recommendations
- Determine the best insurance solutions and negotiate competitive rates
- Work with you to navigate the unexpected so you can focus on growing your business.