Corporate key-man insurance, also known as key person insurance, is a crucial form of business protection that helps safeguard your company’s financial future in the event of an unexpected loss of a vital employee, such as a founder, CEO, or top executive.
This insurance can provide a lump-sum payout to the business if the key person passes away or becomes critically ill, ensuring continuity and financial stability during a potentially disruptive period. The payout can be used for:
Cover revenue losses
Recruit and train a replacement
Manage other business expenses
Investing in key-man insurance with Stasis Insurance protects your business against unforeseen events and secures your organization’s long-term success.
InquireCritical illness insurance is a type of coverage designed to provide financial support when you need it most. If you're diagnosed with a severe health condition like cancer, heart attack, or stroke, this insurance offers a lump-sum payment to help cover medical expenses, ongoing bills, and lifestyle adjustments.
Critical illness insurance gives you the flexibility to use the funds however you choose.
You and your family can focus on recovery without the added stress of financial strain.
Protect your future by preparing for the unexpected with critical illness insurance from Stasis.
Life insurance is a vital financial tool that provides peace of mind and security for you and your loved ones. In the event of your passing, life insurance offers a tax-free lump-sum payment to your beneficiaries, helping them cover expenses such as mortgage payments, education costs, and daily living expenses.
Life insurance ensures that your family is financially protected and can maintain their quality of life, even in difficult times.
By investing in life insurance with Stasis, you’re safeguarding your family’s future, providing them with the support they need when they need it most.
Disability insurance is essential for anyone who wants to protect their income and financial stability in case of unexpected illness or injury that prevents them from working.
This insurance provides a steady income replacement, ensuring you can continue to pay for everyday expenses like mortgage or rent, utilities, groceries, and medical bills while you focus on recovery.
Whether you face a temporary or long-term disability, this coverage gives you the peace of mind that comes from knowing you have a financial safety net.
Safeguard your financial future by partnering with Stasis for disability insurance and ensuring life can continue even if your ability to work is interrupted.
Over 19 million new cancer cases were diagnosed worldwide in 2020, with an estimated 10 million deaths occurring due to cancer in the same year.
Cancer is the most common cause of critical illness insurance claims worldwide, accounting for about 60-70% of all claims. Breast cancer, prostate cancer, and colorectal cancer are among the most frequently claimed cancers.
Approximately 12.2 million people suffer a stroke annually worldwide, with 6.5 million deaths resulting from strokes each year.
Strokes account for around 10-15% of critical illness insurance claims. This reflects the significant impact strokes have on individuals' health and their ability to work.
These diseases, including conditions like chronic obstructive pulmonary disease (COPD) and asthma, affect around 544 million people globally, causing 3.23 million deaths annually.
Cardiovascular diseases are the leading cause of death globally, accounting for nearly 18 million deaths each year, which is about 32% of all global deaths.
Heart-related conditions, including heart attacks and coronary artery bypass surgery, make up approximately 15-20% of critical illness insurance claims globally.
These diseases, including conditions like chronic obstructive pulmonary disease (COPD) and asthma, affect around 544 million people globally, causing 3.23 million deaths annually.
Insurers typically pay out 90-95% of all critical illness claims, indicating a high rate of approval when policyholders meet the claim criteria.
Claims related to business interruption due to natural disasters, fires, or pandemics have risen sharply, accounting for around 10-15% of claims in recent years.
25-30% of small to mid-sized businesses in developed countries like the U.S., U.K., and Australia carry key man insurance to safeguard against the loss of critical executives or employees.
In industries such as finance, technology, and healthcare, 40-50% of businesses secure key man insurance to protect their financial stability in case of the unexpected loss of a key person.
78% of employees say that a comprehensive benefits package is a key factor when deciding whether to accept or remain in a job, and companies offering robust employee benefits experience 19% lower turnover rates, showcasing the impact on retention and job satisfaction.
The average payout for a key man insurance claim related to death ranges from $500,000 to $5 million, helping businesses cover operational costs, recruitment, and potential revenue loss. In high-stakes industries like finance and law, claims for key man insurance can exceed this, reflecting the critical role top executives play in business continuity.
