Every business has that one person—or a few—whose departure would change everything. It could be a founder, a lead producer, a rainmaker, or an expert with knowledge no one else can replicate.

Now imagine what happens if that person suddenly can’t work. Do you have a plan in place to recover?

Key person insurance provides financial protection if a critical leader is lost to death or disability. It helps cover:

• Revenue loss
• Recruitment or transition costs
• Client or investor reassurance during periods of uncertainty

But it’s more than a financial tool—it’s a business continuity strategy. Many small and mid-sized businesses don’t think they qualify for this kind of coverage. But the reality is, the smaller and more specialized your team is, the more vulnerable you are without it.If your business depends on a few key people, protecting them protects your entire operation. Ask yourself: could your business operate tomorrow without your top leader or most valuable partner? If not, it’s time to explore a contingency plan.