Protect your business from the loss of a valuable employee

You carry insurance coverage to protect your business from the loss of property and equipment, but what about your most valuable asset—your key employees? A key employee may be the owner, a partner, a top executive or an important member of your organization with unique talents, experience or skills that are crucial to the prosperity of your business. Key person life insurance protects your business from the financial impact of the loss of an essential employee. Guest Call In (516) 453-9107 As a business owner, you understand that one of your most valuable assets is the creative talent of your key employees. Your competitors also understand this and compete for the very same talent. You need a protection strategy that will give your key team members a strong incentive to remain employed at your organization. One way of managing this challenge is to offer an attractive compensation package. But salary alone may not be enough. An executive bonus plan (also known as a Section 162 bonus plan) may provide a simple solution. These plans are designed to help you attract and retain key employees.  Learn more about 162 Executive Plans: https://mkginsuranceagency.com/162-executive-bonus-plans/