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Feb 13, 2006, 00:41 #1
Looking for good Keyman Insurance
I am 23, business is going really well. A family friend just died and it kind of shocked me. You never know when your time will come. So, I want to draw up a will and also get some Keyman insurance. Also, it is good to have in case someone invests in your company; they may require it. I have been told you should get keyman insurance for up to 10 times your revenue; so I'm looking for a policy between $750,000-$1,000,000. Can anyone recommend a good company for this? Does anyone have an experience of advice?
Oh yeah, I also hear Keyman insurance is a business expense which is tax deductible. Can anyone confirm that?