If you had a goose that laid a golden egg worth 100K every year would you insure the goose?
Let me answer that for you. YES!!!
And YOU are that goose!
Almost 1 in 3 Canadians will experience an incident of heart attack, cancer or stroke in their lifetime. The good news is we are far more likely to survive these illnesses than ever before. But it takes time to recover. When you own a business, your time is money. How long could your business survive without you?
Corporate Critical Illness Insurance can cover the needs of your business while you recover. Whether that be to pay for the proper consultant to manage your operation in your absence, or to help fund a buy/sell agreement with your partners, you can rest assured that this valuable benefit will afford you the ability to transition through a difficult time.
Oh, and if you don't use it we'll give you your money back so no regrets.
Statistics indicate that the direct cost of replacing an employee depends on their position. For example, replacing a mid-level employee can cost 20 percent of their annual salary, meaning a $40,000 per year manager can cost about $8,000 to replace. Cost aside, it's time consuming and stressful to attract, recruit and train new team members.
Your best employee tells you that they are headed down the street to work for the competition for $0.10/hr more than what your paying them. Could you afford the $0.10/hr to keep them?
If yes, then you can also afford a group benefit package.