Key-person insurance

In any company there are always one or more ‘key persons’ that can be credited for the operational success and financial stability of the organization. Owners, partners or key employees may leave because of a better opportunity, retirement, death, or disability.

If you own a small business those events can be extremely disruptive and sometimes fatal to the survival of your business. Your corporate lenders or loyal clients could become very apprehensive of your business’ future, thus affecting your financing and liquidity capabilities.

The Goguen Champlain Financial Services professionals will take the time to work with you and your legal and accounting advisors to identify key person concerns, and develop and implement strategies that will soften the blow in the event of the loss of a key person.