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Key Person Protection Insurance Key Person Protection insurance safeguards the enterprise’s profits against death or disability of key person in the business – a shareholder or executive.
The benefit will ensure that the operational and financial performance of the business is not affected by the loss. The benefit from Key Person Protection insurance offsets the profit lost until the person can be replaced, allowing the business to continue. The business will receive either a monthly benefit or a one-off lump sum. Key Person Protection insurance can also provide the necessary funding for the recruitment costs of replacing the key person. |
Why you need Key Person Protection Insurance It enables the business to overcome financial and operational disruption caused by the death, disability or illness of a key person.
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For advice or help, talk to an experienced adviser.
You may need a specific mix of business insurance to ensure you can stay in business in the face of unexpected life events. Our advisers will help you to establish the best balance between risk and the cover your business requires to continue to thrive. Arrange a consultation with one of our advisers. |
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