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Office Hours

M-Th 8:30 AM - 5:00 PM

F 8:30 AM - 4:30 PM

 

Germantown Office

13208 Executive Park Terrace
Germantown, Maryland 20874
Phone: 301-428-0282
Toll Free: 800-310-ERIE (3743)
Fax: 301-972-9352 / 888-642-8056

 

Frederick Office

5300 Westview Drive
Suite 304
Frederick, MD 21703
Phone: 301-694-0028
Fax: 301-694-0500

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Insurance Blogs - Germantown - Frederick - MD - Schaefer & Delauder Insurance Agency

Use Key Person Insurance to Help Attract Investors

young-man-viewing-laptopIf 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?

 

 

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NOTICE OF LICENSURE
Schaefer & Delauder Insurance Services is licensed to conduct business in the District of Columbia, Maryland, Virginia, West Virginia, North Carolina, New York and
Pennsylvania; also Delaware (except for ERIE Insurance).
The information on this site is a solicitation to conduct business only in the aforementioned states of authority.

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