Sentences with phrase «replace key employees»

They hate the boss who won't pay to replace key employees who have left.

The key person disability insurance policy provides needed income to your company or business to allow you time to find a suitable replacement and train them to replace your key employee long term, or give your key employee the time he or she needs to rehabilitate, so that your company can continue to advance.

Not exact matches

The business may seek out a replacement for the key employee, may replace lost profits, or fund a partial stock redemption agreement.

Do you have an employee who is key to your business and would be hard to replace?

This is usually used by businesses that insure a key person and may want to switch the insured when an employee is replaced.

Cost of Replacing an Individual: Key employees or owners are not easily replaced.

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.

Key person coverage is a form of business insurance because there are some employees whose loss would irreparably damage a business's ability to function and others who would be difficult and expensive to replace.

It is common for companies to own life insurance policies on their employees, especially key employees to the company to protect against the cost of replacing them if they were to die unexpectedly.

KEY ACCOMPLISHMENTS • Identified a fault in crane bearing and replaced it timely, saving the company from a bigger damage and repair cost of up till $ 5K • Reduced fuel consumption of the engine by 20 % through implementation of economic engine start - up and stand - by strategies • Issued a manual for new employees consisting of site inspection and machinery maintenance protocols

KEY ACCOMPLISHMENTS • Installed and configured 48 PC systems for a client singlehandedly meeting a one week deadline • Replaced and repaired some microchip components for a client saving the hard disk from major data loss and replacement costs of up till $ 30K • Exceeded first call resolution targets by 100 % and earned employee of the year award in 2014

«For key employees, you may want to provide additional disability or critical illness insurance because you want to get these key individuals back to work quickly or because you need to immediately hire someone to replace them if they can not return,» says Skot.