Find out how key person insurance can protect your business from the sudden loss of crucial employees.
SunTrust Investment Services, Inc., offers a wide range of key person policies, including life and disability coverage and business overhead insurance, which provide businesses with the funds they would need to continue operating should a key person become disabled. Such coverage is especially important now that venture capital firms, banks and other lenders have begun to require key person insurance as a condition for financing.
Key person insurance can protect your business from the loss of crucial employees in a number of ways:
- Provides funding to find, recruit and train replacements
- Helps replace profits that were lost as a result of a key employee's disability or death
- Bolster's balance sheets to help reassure creditors about the continued viability of the business
- Enables businesses to buy back stock from the estate of a majority owner
Protect your business with overhead insurance
Business overhead policies available through SunTrust Investment Services, Inc., ensure that your business would have the funds necessary to continue operating until you or other key executives are back on the job.
Protect your family with executive insurance
SunTrust Investment Services, Inc., offers a range of personal insurance policies for you and your key executives, including life and disability coverage. These policies provide family members with replacement of lost income and can cover the costs of an extended stay in a nursing home or rehabilitation facility.