Your business relies on key individuals to operate and grow—people whose knowledge, relationships, or leadership are central to your success. If one of them becomes disabled and unable to work, the financial impact can be significant. Key person disability insurance provides the funding your business needs to navigate that disruption, helping you stay on track while you adapt.
Frequently Asked Questions
What is key person disability insurance?
It’s a policy that pays a benefit to your business if a key employee or executive becomes disabled. The funds help offset financial losses and cover the cost of finding a replacement or restructuring roles.
Who qualifies as a key person?
Anyone whose absence would create a serious disruption to operations—owners, executives, top salespeople, specialized talent, or anyone critical to your success.
How are benefits used?
Funds can be used for recruiting, training, covering revenue losses, or temporarily filling the role to maintain business continuity.
Can this coverage be customized?
Yes. Policies can be tailored to the size and structure of your business, with benefit amounts and waiting periods adjusted to your needs.
How does this differ from personal disability insurance?
Key person coverage is paid to the business, not the individual. It protects the company from financial fallout due to the disability of a key contributor.
Why it Matters
The sudden loss of a key employee—whether due to illness or injury—can stall growth, delay projects, and strain operations. Key person disability insurance helps you maintain momentum. It gives your business time to adjust without being forced into reactive decisions that can damage long-term stability. It’s not just about protecting a person—it’s about protecting your company’s future.
Who It's For
This coverage is essential for small to mid-sized businesses where certain individuals play outsized roles. If losing a founder, top producer, or specialist would affect your operations or revenue, you’re at risk. Key person disability insurance ensures you have the resources to manage that risk and move forward with confidence.
Protect What Drives Your Business
People power your business. When someone critical can’t work, you need a plan. Key person disability insurance gives you the time and resources to adapt without missing a beat—so your company can keep moving, even if someone important can’t.
