02 August 2011

Key-man insurance

Prudential Business Insurance

The key to protecting the business is to insure its key persons. Business Insurance or Keyman Insurance aim is to
Key-man insurance is an insurance policy paid by the company (Company = Sdn Bhd), to cover the company in the event of losing its key-man/men. The company is the proposer and beneficiary of the insurance plan. The company has insurable interest over the key-man because if it loses the key-man, the business will be significantly affected. The key-man can be any persons employed in the business and one who gives a significant contribution to the business. The key-man can be the managing director, the general manager or any staff with specialised skills, knowledge or business network.


<In a bubble point>            
Take away my factories, my plants; take away my railroads, my ships, my transportation; 
take away my money; strip me of all these, but leave me with my people, 
and in two or three years I will have them all back again
(Andrew Carnigie)

Any feedback, please email to muhammadirfan@prupartner.com.my or 
call 012-3491560 (Muhammad Irfan)

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