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.
“…Throughout the years, Montridge has provided sound advice, fair renewal pricing, innovative employee solutions, and have introduced us to other advisors that we work with for our non-Canadian benefit plans. We implemented our retirement program in 2011, and Montridge has been diligent in our CAP (capital accumulation plan) reviews and negotiating very reasonable fees when an opportunity arises.
We are happy to recommend Montridge to any prospective client.”
Joyce Hung, Director of Human Resources
Global Relay Communications Inc.
Talk to a Montridge Advisor to learn about best risk management practices and key person insurance solutions for your business.