Key Person Protection

The success of almost all small and medium sized businesses is dependent on a few people who make a significant contribution.  Business protection can provide a cash injection should a key person die or suffer a critical illness. It can also provide a regular income to the business if the key person is temporarily disabled or unable to work.

• Cover can be arranged to meet the individual needs of all types of companies. You can choose what type of policy suits you and your team, the term of the cover and which benefits are included (life cover, critical illness cover and income protection).

• The benefits can be used to help fund a temporary replacement, repay an outstanding loan to aid cash flow, contribute to medical care to speed recovery or simply tide the business over in a period of reduced activity.

• There are no hard and fast rules when assessing the financial value of a key person as each key person must be dealt with on their own merits. Modern protection menu planning allows us to tailor a package specific to your needs.

The loss of a key person in your company could threaten everything you’ve worked so hard to achieve.  Doesn’t it make sense to treat this risk like any other and put a plan in place to help to protect your company?

For more information about the areas of business protection insurance we offer, please get in touch or visit our Business Protection pages.