Key Person Disability

Key Person Disability Insurance in Cedar Rapids IA, Iowa City IA, and across the state and country.

Do you employ someone with capabilities that would be difficult or impossible to replace? How much would your business suffer if that person left the company? If you employ a salesperson with relationships, or a highly-skilled individual that is unique to your business, consider key person disability insurance.

Key person disability insurance is coverage for the business. If a valuable employee becomes disabled and is covered by a key person disability insurance policy, the business will receive a benefit. The benefit can then be used to cover the loss of the key employee or it can pay for a temporary worker while the insured recovers from the disability.

Key person insurance is a short-term coverage and most policies offer a benefit period of 12 to 24 months.