Sentences with phrase «loss of that key person»

The goal for key person insurance is NOT to facilitate a buyout but rather to compensate the business for the loss of that key person.
Term life insurance is the cheapest and simplest option and only provides the business with simple death benefit protection against the loss of a key person.
As discussed above, key person insurance insures the company against the loss of key people.
Key person insurance provides the owner (s) money to help replace the loss of a key person.
Businesses can avoid many possible negative financial consequences from the loss of key people by using life insurance.
Key man disability insurance is a unique form of disability coverage designed specifically for the threat of a short term loss of a key person due to a disabling accident or illness.
Life insurance protects your family from your financial debts and obligations after you die by providing a death benefit, but it also may be used for business purposes to compensate a company for the loss of a key person in the company.
Key man life insurance is necessary even if your business plans to shut its doors after the loss of a key person; the money can be used to take care of closing costs, investor payoffs, and severance pay for employees.
Key man life insurance can give you peace of mind that your business is protected in the event of the loss of a key person.
This is because the loss of a key person could affect a company financially.
Sometimes a business may have an employee that is so good at their job that the loss of this key person could be quite costly.
The goal for key person insurance is NOT to facilitate a buyout but rather to compensate the business for the loss of that key person.
As discussed above, key person insurance insures the company against the loss of key people.
Your business and your family can be protected in case of the loss of a key person which can cause financial losses.
The loss of this key person can affect sales, productivity, and overall morale.
The amount of risk is determined by calculating the costs that will typically be incurred by the loss of the key person.
Other key benefits that make term insurance the perfect solution for the loss of a key person include:

Not exact matches

Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those in the forward - looking statements include, but are not limited to, operating in a highly competitive industry; changes in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes in consumer preferences and demand; the Company's ability to drive revenue growth in its key product categories, increase its market share, or add products; an impairment of the carrying value of goodwill or other indefinite - lived intangible assets; volatility in commodity, energy and other input costs; changes in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions in the United States and in various other nations in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events in the locations in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock in the public markets; the Company's ability to continue to pay a regular dividend; changes in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
The authors warned a loss of diversity meant more people were dependent on key crops, leaving them more exposed to harvest failures.
Grier says, «The sharing of intimate information and photos about weight loss goals in virtual space is a key factor in motivating behaviors that fulfill that new thinner identity and thus helps people reach their goals.»
«It doesn't deprive people of the foods they love and instead focuses on portion control — the key to weight loss
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Welcome to Part 3 of a 3 Part Series on the key mistakes people should never make while navigating through any weight loss program.
● Meditate ● Keep a gratitude journal ● Get a pet ● Learn to say no ● Don't feel the need to reply to every text, email, phone call, tweet or comment you receive ● Cut out the negative people in your life ● Get rid of your to - do list ● Spend more time outside ● Make time for laughter every day ● Schedule more fun stuff with friends ● Volunteer ● Stop watching the evening news ● Listen to relaxing music ● Get regular massages ● Take yoga ● Stress management is an essential key to fat loss.
And for many, many people, this is where intermittent fasting becomes such a key part of their weight loss journey.
Given the missed opportunities and forced efforts on DVD this week, The Missing Person (Strand) looks all the better, a low - key private - eye pastiche with a disaffected detective and a running stream of hard - boiled narration winding his way through a missing persons case that resonates with the losses and anxieties of 9/11.
The latest in a recent string of directorial debuts about young people grappling with the imminent or recent loss of a parent, Demetri Martin's «Dean» may not land with the sheer force of «James White» or offer the exacting detail of Sundance opener «Other People,» but this winsome low - key comedy lucidly conveys how grief can feel like being shot into uncharted stretches of outer people grappling with the imminent or recent loss of a parent, Demetri Martin's «Dean» may not land with the sheer force of «James White» or offer the exacting detail of Sundance opener «Other People,» but this winsome low - key comedy lucidly conveys how grief can feel like being shot into uncharted stretches of outer People,» but this winsome low - key comedy lucidly conveys how grief can feel like being shot into uncharted stretches of outer space.
It can be challenging to identify key persons and quantify a key person's value to the business in order to establish the amount of coverage needed to compensate the business for the loss.
Key person insurance does not have a legal definition and does not refer to a type of insurance but rather to the use and application of life insurance or long - term disability insurance, as it applies to the loss of a key business persKey person insurance does not have a legal definition and does not refer to a type of insurance but rather to the use and application of life insurance or long - term disability insurance, as it applies to the loss of a key business perskey business person.
Because key person insurance is simply life insurance that insures the company against the loss of a key business partner or key employee, the decision to purchase key person insurance necessitates some choices about the type of insurance that is most beneficial.
A key person insurance policy designed to insure the company against the loss of a valuable employee is another situation where a business entity may be the designated beneficiary of the life insurance policy.
Studio culture is a fragile thing and even the loss of a few key people can change the entire dynamic of the workplace.»
In law where — uniquely — the people are the product, the loss of key teams or individuals will rock investor confidence like nothing else.
Key Executive / Person Insurance Life insurance purchased by a business on a valuable employee (or owner - employee) to indemnify the business against the potential financial loss that would result in the event of that individual's death.
When designating a key employee to insure, the most important question to ask is: Will the loss of this person impact revenue?
If your business would be dramatically impacted by the loss of one or more of your top people, key man insurance can effectively protect against this risk and you should consider purchasing key man insurance policies to protect your company.
Key man insurance, commonly referred to as key person insurance, is essentially life and / or disability insurance purchased by a business on the life of a key employee or business owner to offset financial losses that would arise from his or her death or extended illneKey man insurance, commonly referred to as key person insurance, is essentially life and / or disability insurance purchased by a business on the life of a key employee or business owner to offset financial losses that would arise from his or her death or extended illnekey person insurance, is essentially life and / or disability insurance purchased by a business on the life of a key employee or business owner to offset financial losses that would arise from his or her death or extended illnekey employee or business owner to offset financial losses that would arise from his or her death or extended illness.
KEY PERSON INSURANCE The sudden, unexpected death of a key person could result in a substantial loss to your business - the loss of expertise, as well as the high cost of securing and developing a competent successKEY PERSON INSURANCE The sudden, unexpected death of a key person could result in a substantial loss to your business - the loss of expertise, as well as the high cost of securing and developing a competent succPERSON INSURANCE The sudden, unexpected death of a key person could result in a substantial loss to your business - the loss of expertise, as well as the high cost of securing and developing a competent successkey person could result in a substantial loss to your business - the loss of expertise, as well as the high cost of securing and developing a competent succperson could result in a substantial loss to your business - the loss of expertise, as well as the high cost of securing and developing a competent successor.
To protect a business in the event of the death of a key employee, Key Person Insurance, payable to the company provides the owners with the financial flexibility needed to either hire a replacement or replace the financial loss incurred by the businekey employee, Key Person Insurance, payable to the company provides the owners with the financial flexibility needed to either hire a replacement or replace the financial loss incurred by the busineKey Person Insurance, payable to the company provides the owners with the financial flexibility needed to either hire a replacement or replace the financial loss incurred by the business.
Business Interruption Key Person Material Damage Commercial Vehicle Professional Indemnity Public Liability Statutory Liability Employers Liability Locum Cover Shareholder Agreement Insurance Debt Protection Loss of Revenue Not sure
Key person insurance is needed if the sudden loss of a key executive would have a large negative effect on the company's operatioKey person insurance is needed if the sudden loss of a key executive would have a large negative effect on the company's operatiokey executive would have a large negative effect on the company's operations.
Life Insurance for family protection, income in the event of a family member loss, business key person or charitable giving
Buying a key person life insurance policy can be very helpful by making sure the company survives the loss of a key employee.
Key person life insurance offers a death benefit that can help cover financial losses that occur at the death of a key persKey person life insurance offers a death benefit that can help cover financial losses that occur at the death of a key perskey person.
The goal when valuing a key person for life and disability insurance is to get the correct amount of coverage based on the specific needs of the business but that also corresponds to the realistic loss associated with the death or disability of the key employee from the insurance company's viewpoint.
Key man disability insurance is purchased on one or more key people in a business to protect the business from the economic loss associated with the disability of a key employKey man disability insurance is purchased on one or more key people in a business to protect the business from the economic loss associated with the disability of a key employkey people in a business to protect the business from the economic loss associated with the disability of a key employkey employee.
The amount of the policy is usually paid directly to your business so it can be used to cover the financial losses incurred by the death or disability of a key person.
The costs to secure key person life insurance are negligible when compared to the economic loss caused by the demise of the company.
Key Person insurance is life insurance purchased by the company on the life of an employee or employees whose loss would have adverse effects on the company.
It enables the business to meet outstanding obligations at the time of the key person's death and covers the expenses necessary to keep the business running smoothly (as well as any loss of income) while a replacement is sought.
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