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KEY PERSON PROTECTION
Key Person Protection is designed to provide coverage for a financial loss to an employer due to the disability of a key person.
A key person is an employee whose services are of such a nature that the owner would suffer substantial financial loss due to the employee’s total disability.
These employees offer their employer knowledge, skills or talent that few others can imitate or duplicate. The industry they work in or the nature of their work may be so specialized that there are few others with the skills needed. Many of these occupations have a component of design or research to them. Typically, the unique skills possessed by a key person are not totally acquired through education or even experience but are attributable in part to their own creativity, talents and interests.
For more information please contact Micheline Varas at 604.687.7773 or email solutions@customplanfinancial.com
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