Full Recovery Expected for Richmond CEO After Plane Crash
Posted Tue, Aug 15th, 2017 By Exceptional Risk Advisors
Full Recovery Expected for Richmond CEO After Plane Crash
Justin Knight, President and CEO of Apple Hospitality, a Richmond-based hotel real estate firm crash-landed his small plane in a cornfield on July 4th.
Mr. Knight was taken to University of Virginia hospital in critical condition while his 11-year old son, who was also on board the plane, was treated for minor injuries on site.
The COO and CFO will share the responsibilities and oversight of Apple Hospitality while Mr. Knight goes through treatment and recovery.
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Justin Knight is a perfect example of a company's need to protect their key person in case of a disability. Statistics show that a 45-year -old executive is three times more likely to suffer a disability lasting longer than 90 days than he/she is to die before the age of 65.
As Lloyd's of London Coverholders, Exceptional Risk Advisors have developed key person disability products designed to protect a company's most critical asset. With the ability to deliver disability benefits up to $100 million, the board and the rest of the executives can rest easy knowing the company is protected.
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