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Key Person (Employee) Insurance for MD, VA, PA Businesses

As a business owner, you work hard to stand out and be competitive in your market, and the reliability of your staff and employees is an important part of making that happen.  So when you lose one of those people, particular through death, the impact on your business can be substantial. You can protect against that impact with Key Person / Employee insurance. 

Here at the William M. Sparks Insurance Agency in Timonium, Maryland (Baltimore County), we can help you prepare for whatever might happen.

Why Have Key Person (Employee) Insurance?

If your business involves a key person, especially if that person is your company’s key contact for suppliers or customers or is pivotal in the management of the business, then the loss of that person would present a major threat to the well-being of your company.

How Does Key Person (Employee) Insurance Work?

If your key person is lost by death, your company can receive a death benefit through your Key Person insurance.  Such insurance is a variation of a life insurance policy for which your company pay premiums.  The benefit amount depends on the situation, the role the key person plays as well as his/her health and age. In the event of the death of the insured key person, the benefit is paid to your company. 

Our experienced agents, here at the William M. Sparks Insurance Agency in Timonium, MD,  can help you examine the options for protecting your company against the loss of a Key Person (Employee or Staff person); and we can help you arrive at the one that best suits your needs.  Just contact us today to discuss how we can help.


The scope of your insurance coverage and options depend entirely upon the policy and the insurance company providing it.  This website is not intended to advise, offer or bind coverage.  You should always discuss your insurance issues with professionals such as a licensed and qualified insurance agent like those at the William M. Sparks Insurance Agency before making any decisions or choosing a course of action.

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William M. Sparks Insurance Agency, Inc., Insurance Services, Timonium, MD

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