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Key man insurance

What is Keyman Insurance?

When a key person in a business dies it can have a devastating financial effect on the business and its future survival. Companies can safeguard their business against the death, terminal or critical illness of a key person with key person protection.

Key Man (or Key Person) Insurance is a form of life insurance for businesses. It is arranged by the company to cover any financial loss which might arise form the death or extended incapacity of key individuals in the company.


Why should I buy this Insurance?

In any company the directors have a duty of care to consider any risks that would affect the future financial standing of the company, the failure to do so could leave the directors open to possible legal action from shareholders, and in some cases they could be in breach of contractual requirements.

The policy is designed to provide a fixed monetary amount  on the death of the insured person. 

The benefits of our Keyman insurance

  •  Protect losses 
  •  Protect profits
  •  Protect anyone

 

Call us today on 08448 480 380