Sickness relating to Keyman Insurance
Sickness as relating to Keyman Insurance (Part 1) - Brokers Legal & Law CC
Twin brothers, Jabo and Julius, are both qualified professional. Jabo is a qualified doctor and a member of an incorporated practice while Julius is the senior pharmacist at a privately owned pharmacy.
Although they both work in different organisations both make a significant contribution to the profit in their respective businesses. Julius and Jabo enjoyed the outdoors and used every opportunity they had to explore their country.
Their last road trip however was not that enjoyable, as the brothers were involved in a serious motor accident, leaving them unable to work for a period of up to three months. The brothers were not that concerned about their personal income as they insured themselves with the Cobalt for Professionals Sickness Benefit which paid their respective claims from day one.
However their respective businesses were not in the same position as their absence from the business resulted in a loss in earnings, putting a strain on the cash flow and operational costs of the business. The situation could have been avoided if their businesses had insured their lives with Cobalt for Professionals Sickness Benefit for Keypersons.