This insurance helps mitigate the financial impact arising from losing a Key Person who plays a critical role in the business.
Key Person may include Directors, Shareholders but also individuals with specialised skills or critical client relationships.
In the event of a loss of a key person, a payout is made directly to the business. This can cover loss of profits, recruitment and training costs and even protection for bad debts.
Policies are arranged in line with the duration of the key person’s expected involvement in the business. They can also be tailored to match the term of a finance agreement.
