Exsel, a member of ASASE, has launched a product that can become a fundamental tool for its corporate clients: the “Key Person Insurance”. This insurance is specifically designed to protect companies against the unexpected loss of their most important figures, either by accident or illness, guaranteeing financial stability in times of uncertainty.
Brokers, why recommend Key Person Insurance to your clients?
As brokers, your role is to advise companies on how to mitigate risks and protect their most valuable assets. In many cases, those assets are key people, those whose expertise, leadership and strategic decisions are crucial to the continued success of the organization. The temporary or permanent loss of one of these people can lead the company into a significant crisis, and this is where this insurance becomes an indispensable solution.
Exsel’s “Key People Insurance” offers flexible and customized coverage, adapting to the specific needs of each company. With indemnities that can reach up to 5 million euros per insured, this product ensures that the company can cover the costs associated with the absence of a key person, whether it is to find a replacement, cover loss of income or maintain operational stability.
Key features to stand out to your clients
One of the great advantages of this insurance is its ability to cover both temporary total disability (ITT) and permanent total disability (ITP). The ITT plan protects the company during the first 12 months of the key person’s disability, offering an indemnity proportional to the insured’s annual salary. On the other hand, in the event of permanent disability, the ITP plan extends this coverage up to five times the annual salary, providing long-term security for the organization.
In addition, the insurance offers customization options to fit each client’s profile. With affordable minimum premiums starting at €5,000, this product allows companies to protect themselves without compromising their budget. There is also the possibility of adding additional coverage, such as protection against acts of terrorism, which further enhances its attractiveness and versatility.
This product not only represents financial protection, but also acts as a pillar in the business continuity strategy. Recommending it to your clients is a way to help them secure their future and minimize the impact of unexpected events that could affect the company’s operations and growth.
Grow your portfolio with an unrivaled solution
Exsel’s “Key Person Insurance” is a strategic addition to any broker’s portfolio. Not only does it allow you to offer your clients high-value coverage, but it also positions your service as a comprehensive advisor capable of identifying and protecting a company’s most critical assets.
We invite all intermediaries interested in expanding their offerings to explore more details about this product and consider including it in their business advisory strategies. This insurance is more than a policy; it is an investment in long-term stability and success. Contact our experts and we will give you all the details of this product offered by one of ASASE’s partners.
