May 13, 2005

Insuring top executives smart policy

By

In an area known for its entrepreneurs and startups, many businesses rely on the leadership of one or a few key people. They are the creative minds behind a new product, the successful marketing managers, or the savvy financial gurus.

But what would happen if one of these key people were to unexpectedly become disabled or die? The loss might deal a major blow to a small business in its early years or even hamper a large company in the midst of a key product release.

For such an instance, some businesses are finding it worthwhile to purchase key-person insurance…

Christopher Wood
Christopher Wood is editor and publisher of BizWest, a regional business journal covering Boulder, Broomfield, Larimer and Weld counties. Wood co-founded the Northern Colorado Business Report in 1995 and served as publisher of the Boulder County Business Report until the two publications were merged to form BizWest in 2014. From 1990 to 1995, Wood served as reporter and managing editor of the Denver Business Journal. He is a Marine Corps veteran and a graduate of the University of Colorado Boulder. He has won numerous awards from the Colorado Press Association, Society of Professional Journalists and the Alliance of Area Business Publishers.
Categories: Columns Guest Opinion
Sign up for BizWest Daily Alerts
Closing in 8 seconds...