Is Your Business Covered in the Event of the Death of a Key Executive?
A small business’ success may depend upon the leadership provided by its key executive. If a key executive should die, however, his or her loss could have a severe economic impact on the business once the key executive’s unique skills and abilities are gone. It may require that the business incur substantial expenses to recruit and train a replacement executive. The sudden death of a key executive could also have a crippling financial impact on a business because it could