Protection

Key Person insurance

Protecting Your Business From the Loss You Can’t Afford

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What is it?

Behind every successful business are key individuals whose skills, experience, and relationships drive growth, profitability, and stability. But what happens if one of those individuals becomes critically ill or dies unexpectedly?

Key Person Insurance is designed to protect your business from the financial consequences of losing a crucial member of your team, whether that’s a director, founder, senior manager, or technical specialist.

Without this protection in place, your business may face:

  • A sharp drop in profits or revenue disruption.

  • Loss of investor or client confidence.

  • Delays in projects, contracts, or operations.

  • Strain in cash flow or debt repayment.

  • The high cost of recruiting or training a replacement.

  • In some cases, an inability to continue trading.

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Who Should Be Insured?

Key Person cover is essential for any individual whose loss would have a significant financial impact on your company. This could include:

  • Founders or co-founders.

  • Managing directors or C-level executives.

  • Lead developers, consultants, or technical experts.

  • High-performing salespeople or client relationship managers.

  • Anyone whose reputation, expertise, or decision-making is pivotal to your operations.

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What Does Key Person Insurance Do?

Key Person Insurance provides a tax-efficient lump sum to the business if the insured individual passes away or is diagnosed with a specified critical illness during the policy term. These funds can be used to:

  • Offset the loss of revenue or profits.

  • Fund the recruitment and training of a replacement.

  • Maintain business loan repayments or ongoing liabilities.

  • Preserve confidence among staff, clients, and stakeholders.

  • Protect the long-term value and continuity of the business.

The cover is owned and paid for by the business, with the payout going directly to the company to support its financial health during a critical period.

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Why It Matters

No business is immune to unexpected change. Key Person Insurance provides the financial breathing room needed to adapt, recover, and continue with confidence without being forced into hasty decisions, emergency loans, or loss of control.

We work closely with businesses to identify key individuals, calculate appropriate cover levels, and tailor policies that align with your company structure and strategic goals.

Protect your business from the unthinkable.

Speak with our expert advisors today to structure a Key Person policy that secures your company’s future.