Shield Your Business with Key Employee Disability Insurance
Cost Considerations
The cost of key employee disability insurance varies based on several factors, including the employee's role, salary, and the level of coverage selected. On average, businesses can expect to pay between 1% to 3% of the key employee's annual salary for comprehensive coverage3. While this may seem like an additional expense, the potential savings in the event of a disability can far outweigh the initial investment.
Exploring Your Options
To determine the best key employee disability insurance policy for your business, it's essential to evaluate your specific needs and risks. Consulting with an insurance broker or specialist can provide valuable insights and help tailor a policy that aligns with your business objectives. Many insurers offer customizable options, allowing you to select the coverage that best fits your company's structure and the roles of your key employees.
By taking proactive steps to secure key employee disability insurance, you can protect your business from unforeseen challenges and ensure a stable future. As you explore these options, remember that the right coverage can provide peace of mind and financial security, allowing you to focus on what truly matters—growing and sustaining your business.