With close, tight-knit staff, most chambers can’t imagine what they would do in the event of a tragic loss in their leadership. There is a risk of internal chamber operations being impacted while the organization deals with the circumstances surrounding the tragedy and the replacement of the key leader. Some of the “costs” of such an event might include:
- The financial cost (in time and dollars) to find, hire, and train a replacement
- The distraction of other employees, resulting in deadlines not met and deteriorating morale
- A loss of confidence among members leading to decreased revenue
Providing your organization with Key Employee insurance offers stability to the chamber’s operations and gives assurance to employees and members alike that the organization will get through the crisis without missing a beat.