Protecting Your Business When the Unexpected Happens
You may have heard you need key person insurance protection to future-proof your business. But do you know what it looks like?
Every business has key players who drive growth and success. The sudden loss of a Shareholder, C-Suite executive or technical specialist can have dramatic effects on a company.
This can be in the form of significant reductions in revenue resulting from the loss of important business relationships, technical expertise, financing and lack of leadership.
Planning for what you’d do without them is an important part of your business continuation and succession strategy – whether you’re just starting out or already expanding operations.
At Montridge, we help companies protect themselves against the drop in value caused by the unexpected loss of key persons to death, illness or other factors.
We coordinate with our network of insurance, legal and tax partners to not only design key person insurance coverage, but to develop a continuation strategy that mitigates risk and helps protect your company’s long-term value.
“The Burnaby Winter Club is extremely happy with Montridge Advisory Group. As a Not-For-Profit we are sensitive to any adjustments in premium to our benefit plan. Montridge’s knowledge, ability to negotiate with the carriers on our behalf, provide semi-annual reviews, and provide updates on industry changes keeps us well informed and gives us the ability to cost manage our Benefit plan. Thank you Montridge. We look forward to many more years of working together.”
Len McNeely, General Manager
Burnaby Winter Club
Talk to a Montridge Advisor to learn about best risk management practices and key person insurance solutions for your business.