Key Person Cover

No matter how large or small your business is; you're vulnerable to losing key staff.

Key person insurance should be tailored around each individual company; there is no “one size fits all”. Many companies have one or two people who have a critical role.

Businesses may be: a limited company, a partnership, a sole trader or a corporation. But all of these, no matter what their size rely on key employees for their profitability.

Within any business however they've been set up, there are always one or more key personnel who are vital to the business. Considering insurances for key staff is not the most exciting, but important for the livelihood of the business.

The plan will have no cash in value at any time, and will cease at the end of the term. If premiums are not maintained, then cover will lapse.