To discuss your Key Person Insurance with one of our professional commercial lines representatives today, call 905-886-5630 or toll free at 1-800-567-1279, or fill out the online quote form.



Key person insurance is a type of life insurance that protects the business if a key employee dies. If that person is a top salesperson, the insurance might cover lost sales; if the employee is a vital manager, the insurance could cover the cost of finding, hiring and training a replacement.

Key person insurance is also used in partnerships or small corporations to fund buy/sell agreements, to provide the surviving partner or shareholders with the necessary money to buy out the deceased's partnership interest or shares.

Every business employs people whose contributions are of vital importance. In a small business, these key employees have a more direct effect on the bottom line, because you don't have multiple employees with the same skill sets and levels of talent.

If your key employee's departure is planned, as in the case of retirement or voluntary termination, you can prepare for the loss and take steps to minimize its impact. However, if the employee becomes disabled or dies, the loss is unpredictable and leaves your business exposed to financial risks.

Key-person insurance, either life or disability income, can help protect your business against these losses.