Key person protection calculator
If one of your top executives, top sales professionals, or other key employee dies, could your business make up the lost income while you recruited and trained a replacement? Determine your key person protection needs, which can help defray recruiting expenses, relocation expenses, training expenses and added salary for the new employee.
1. Profit Protection – How much of your annual profits would you like to replace and for how many years?
2. Replacement Protection – How much cash would be needed to hire, move and train a new key person?
(Total Profit plus Total Replacement)
