Key Person Disability Insurance

Key Person Disability Insurance

Key Person Disability Insurance provides cash in the event that a key employee in a company or a business becomes disabled due to an injury or illness. These proceeds would be crucial to the functioning of the business and to protect the company from financial hardships.

The company could use the funds to hire a temporary employee, should the disabled employee’s disability appear to be short-term. In the case of a permanent disability, they could use the proceeds to help cover the cost of replacing the employee for the long-term. Some of the costs include, recruitment, training, and loss of revenue during this key employee’s time off.

Some of the variables that influence the premiums include, the key employee’s age, gender, smoking status, occupation, elimination period, benefit period, and monthly indemnity.

As established insurance brokers, we could help you with detailed understanding of the several insurance products from all major insurance companies in Canada. Please free to contact me at or at 1 416 509 2540. Please visit me for a no obligation quote or advice.


Prepared by:  Aman Kapur

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