Most business owners understand that assets vital to the success of the enterprise should be insured. Premises are routinely covered for fire and/or theft; vehicles used to make deliveries, insured; machinery needed for manufacturing, also insured. Given that these tangible assets are instrumental in the success of the business, it makes good business sense that the business is protected in the event of a loss. But what about key employees? Many business owners overlook the impact on their business should a key employee die unexpectedly.
If you own or manage a company whose continued success is dependent on key people (it might even be you), it would be prudent to insure all key personnel whose death or incapacity would negatively affect profitability. Key persons are those who contribute to the continuing success and profitability of the enterprise.
What happens when an owner or key person dies or becomes disabled? Read more
Protection if you need it. A refund if you don’t.
Critical Illness Insurance – Not Just for Adults
Most of us have experienced or known someone whose family has been greatly impacted by a parent being diagnosed with a life-threatening disease or condition. But what about when it happens to children? Sadly, all too often children are affected by childhood diseases such as:
- Type 1 diabetes mellitus
- Congenital heart disease
- Cerebral palsy
- Cystic fibrosis
- Muscular dystrophy
by Katherine Janson for Participaction
My brother lived and worked in Switzerland for a decade, and we would often compare notes on what working life was like over there, versus here in Canada. When he told his boss that his sister ate her lunch at her desk every day, she laughed. She thought he was joking! In his office, a coffee break meant leaving the office with colleagues to walk down to the harbour for a quick espresso at a café, and a stroll back. In mine, it meant making sure I could knock back my morning coffee without knocking it over into my keyboard. Read more