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Elk River: 763.241.0656

Key Person (Key Men) Insurance

Employees are Valuable Assets Too

Many companies have important key figures whose expertise and talents are crucial to maintaining profitable and productive business operations. From the savvy and influential executive to the creative thinker behind the company’s greatest ideas, Elk Agency Insurance knows that some talent is simply too difficult to replace.

Key Person, or Key Men, Insurance provides financial support for business owners in the event that death or permanent disability results in the loss of an employee who is essential to business operations. This policy helps assure that business can continue as planned while you look for a suitable replacement. In addition, it affirms the importance of the talent that the Key Person brings to your business.

Several business benefits are built into your Key Person Insurance policy with Elk Agency Insurance, such as:

  • Coverage that acts as a business asset for enhancing your company’s creditworthiness
  • Cash value of the policy that may be available to your business as a loan if needed
  • A policy that can be converted to a retirement bonus for the key employee

At Elk Agency Insurance, our professional and knowledgeable insurance specialists are sensitive to your needs as a business owner and dedicated to providing all of your commercial insurance solutions. Talk to a representative today to learn more about what Key Person Life Insurance can do for your business.

Our Location

Elk River Office

327 Main St NW
Elk River, MN 55330
Main office: 763-241-0656

Our Providers

Rick is great at his profession. He makes it simple for my family and I to understand what is best for us when it comes to our insurance needs. Rick is honest and sincere, and I would highly recommend Rick for your insurance needs
Terry Gries CRPC
Rick is a very caring, conscientious and hard working person and is interested in looking out for his client's best interest. I highly recommend Rick as an agent.
Mel Rohrer
Rick is a very approachable and friendly business owner. He has helped us get quality insurance for our home and vehicles. Thanks for all you do!
Sandy Martin
Since the day I met Rick I knew he could be trusted. Rick and his staff at Elk Agency are always available for questions and always go above and beyond what is asked. Rick has saved myself and my family money from the time he signed us up. Has even contacted me to tell me that he can save even more money! Within the last 2 years we have switched our business insurance to the Elk Agency and have been very satisfied. Would and have recommended Rick at any time!
Nye McCarty
I have had Rick as my agent for over 15 years now. I would recommend and have recommended him to many over the years. Excellent customer service by Rick and his employees.
Chantal Quigley
Being a Mortgage Banker many of my clients need insurance assistance. I have no problem referring my clients to Rick as I know they will be treated with respect, honesty and will be given the best coverage at the best rates. I as well hold my own personal insurance with Rick and I'm very pleased with the service he provides me. April 16, 2015, Steve was Rick's client
Steve Bushinski
Rick Roche is a terrific business person who is well versed in the insurance industry, and he provides a model that other business people can aspire to. His service is excellent, he does a lot of research on the many product offerings in the insurance business to make sure he is offering you the correct product, and his word holds meaning in a time when what people say doesn't always matter. As a public figure and a business talk show host, I know how important it is to recommend the right people to my listeners. The wrong ones damage my own reputation. That said, I know I can recommend Rick to others with full confidence that you will be taken care of in a professional and timely matter, with great integrity throughout. Go see Rick today, and tell him Kevin Hunter at The Business Forum Show sent you.
Kevin Hunter "The Business Forum Show"
Working with Rick was a blessing. He helped me to arrange my policies for the best program personalized for me. He was a great asset when I needed a hand due to an accident. He made the whole process seem effortless and really saved my sanity. He is a well respected and well admired person. He is a great friend and professional to have on your side. Thanks for all Rick!!!!!
Brett Michalec- Certified Appraiser