Built to preserve stability
Supporting your organization when a key person is lost
When a key leader, revenue driver or business partner is suddenly unable to contribute, the impact can be felt across operations, revenue and long-term stability. Key person insurance can help provide the financial support your organization needs to manage disruption and continue moving forward.
How coverage can help
Key person insurance for business continuity
The right policy can help your organization manage financial uncertainty and maintain stability after the loss or extended absence of a critical contributor.
Types of key person insurance coverage
Key person insurance can form an important part of a broader business continuity and risk management strategy. Depending on your organization’s needs, coverage may help offset financial disruption, protect cash flow and reassure stakeholders after the loss or extended absence of a critical contributor.
Life insurance
Life insurance provides a lump-sum payment to the business if a key person dies, helping cover lost revenue, recruitment costs, operational expenses or other immediate financial needs.
Critical illness insurance
Critical illness insurance can provide a lump-sum payment to the organization if a key individual is diagnosed with a covered serious illness, helping manage the financial impact of their absence during treatment and recovery.
Disability insurance
Disability insurance can provide financial support if a key employee becomes disabled and is unable to perform their duties, helping the business cover replacement costs, operational changes or other expenses related to their absence.
Why work with Navacord
A knowledgeable partner for key person insurance
Navacord advisors help organizations assess key person risks, compare coverage options and build insurance solutions that align with business continuity needs.
