Revenue Protection (Key Person)

Helps your client's business offset the loss of revenue associated with the loss of a key person who is responsible for driving the revenue of the business.

A drop in revenue is often inevitable when a key person is no longer there. This could be someone in your client's organisation who generates significant revenue for their business. Losses may also result:

• while your client is finding and training a suitable replacement
• from demand that can't be met
• from errors of judgement that can happen due to a less experienced replacement, or
• through the reduced morale of employees.

The problem

Loss of revenue and replacement costs - if there isn't a suitable replacement within the business, it may take substantial time and financial inducement to find and train a successor, let alone restore any loss of revenue during a very stressful time.

The solution

Revenue protection can provide your business with enough money to compensate for the loss of revenue and associated replacement costs to replace a key employee or business owner should they die or become disabled.

To find out more information on MLC insurance solutions for your client's needs, speak to your MLC Representative.