Roseville, CA Agriculture Business Key Person Insurance Covers Outstanding Loans
A wise man once said: “Agriculturists are heroes; they feed the world.”
As your best and brightest executives gain experience, they also advance in years.
Ornellas Insurance offers key person life insurance so you can protect your agriculture business should untoward events happen to your pivotal employees.
CEO Helen Ornellas explains that if your company takes out key person life insurance, your business will be the designated recipient of the deceased’s benefits.
This sum can then be used to cover costs related to recruiting and training a replacement, as well as to repay business debts taken out in the executive’s name.
A consulting firm estimates the cost of replacing a key person is 200% to 300% of their salary — a heavy toll to pay, especially if you run a small or mid-sized agribusiness.
Ornellas Insurance allows you to add key person coverage to your executive benefits packages to shield your bottom line from such unexpected costs.
Learn more at https://ornellasinsurance.com/executiv e-benefits/