Key Executive
Insurance:

• Plan for business survival
• Defray replacement and recruiting costs
• Replace opportunity costs resulting from the loss

In July 1983 Dennis R. Barnhart, 40 years old, president and chief executive officer of Eagle Computer Inc., was on his way home when his red Ferrari veered out of control a block from company headquarters in Los Gatos. The car flew through the air, tore through 20 feet of guard rail and crashed into a ravine.

Mr. Barnhart was dead on arrival at Los Gatos General Hospital just hours after his company had its IPO and made him a multi-millionaire. 
Eagle later that night announced that it had withdrawn the IPO and refunded all purchase funds to prospective stock purchasers. Three years later, it was bankrupt.

What can Key Executive insurance do?
Lines of Credit can be cancelled, projects can fall dangerously behind, and the very name and reputation of the firm can be damaged when a person whose reputation and/or abilities are closely connected with the company passes away. While nothing can be completely remedied by mere money, knowing that the company remains financially secure and not in severe monetary straits can go a long way towards reassuring both investors and employees alike.

Key Executive life insurance can help to avoid these kinds of business catastrophe by making sure that your firm is financially prepared to face the myriad problems that can beset you in these unfortunate circumstances.