You are a key employee of a firm if your special skills, experiences, and contribution to the success of the business you are working for make that business noticeably dependent on your continuing presence and contribution. Nobody is absolutely irreplaceable, of course, but key employees are at least very hard and costly to replace.

Your special role gives you some clout when negotiating salary and other conditions of employment, ... you may even be a future partner in or owner of the whole business. In other words, your interests and ambitions can be much more aligned with that of the business than is the case with employees in general. It is advantageous for both you and your employer to be aware of certain relevant business insurance applications. These may help you and your family, and at the same time the business itself, in case something bad (injury, illness, death) happens to you or your employer, and you have to be replaced, or if a situation arises when you could/should take over perhaps the whole business.

You are involved in these arrangements, thus obviously you should know about them. You might also want to draw your employer's attention to these issues, in case they are unaware of or careless about them on their own.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Top page (on personal financial planning)

If you are / have ...

Key areas:

Life and health insurance (including disability, critical illness, and long-term care protection)

(c) Copyright 1997-2006 László Kramár. All Rights Reserved.

 

These web pages are for information purposes only. The information contained and presented, while based on and obtained from sources we believe to be reliable, is not guaranteed either as to its accuracy or completeness. The content of these web pages is solely the work of the author, Laszlo Kramar.

The views (including any recommendations) expressed on these pages are those of the author alone, and they have not been approved by anybody. Neither the information nor any opinion expressed herein constitutes an offer, or an invitation to make an offer, to buy or sell any product discussed or referred to in these web sites. These web pages are for educational purposes only and are not intended for use by residents of the United Sates; nor are they intended as an offer or solicitation in any jurisdiction outside of Ontario, Canada. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.