Insurance Blogs - Germantown - Frederick - MD - Schaefer & Delauder Insurance Agency
If your own talent and expertise are critical to the success of your business and you are seeking to grow by attracting investors, then you want to be completely prepared when you make your pitch to those holding the purse strings. In particular, be ready for some possible reluctance on the part of potential investors who might worry about the risk involved when the success of your business is dependent on your personal health and well-being.
One way to allay investors’ anxiety is to assure them that – should you be unable to continue running the business – your Key Person (a/k/a Key Man) Insurance would allow the hiring of one or several people to fill your shoes.
That is exactly what Julie Busha (owner of Slawsa) did when she appeared on season five of "Shark Tank" and was asked about the risk of being the sole owner in her thriving business. Read more about how she handled the panel’s concerns.
If your business would benefit from the protection of Key Person Insurance, why not contact us today to learn more and/or to get a free quote?