Having the right business protection insurance and private medical insurance in place allows your business and health to continue to prosper, even in circumstances when you or your key people can’t be there.
This type of business insurance can help protect your business from financial losses that may arise if a key person within your company becomes terminally ill, suffers a critical illness, or passes away.
With Key Person Protection, your business takes out life insurance on your key person/people and the benefit will be paid directly to your business in the unfortunate event of their illness or death, to protect it financially.
Depending on their role within the business, loss of a key person may result in loss of sales, pauses in recruitment, delays to product launches and other elements which may impact business finances.
There are a range of different plans available depending on the role of the key person, and our team of skilled financial advisors will help you choose the right cover.