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Keyman Insurance

We are qualified and accredited for key man insurance and business protection.

With over 20 years of experience in the field, our company has helped hundreds of business secure their companies with our insurance protection.

What is Key Man Insurance?

It is much the same as a mortgage protection policy or a normal term life cover taken out to cover a loan on a mortgage.

The main difference is the beneficiary which in the case of this insurance, instead of being the wife or husband its the company.

The policy is taken out to protect your business against the financial repercussions of losing a valuable employee due to critical illness, ill health or death.

As well as insuring the key people it is also worth looking at shareholder protection insurance to enable the remaining shareholders to purchase back the shares in the event of another shareholders death.

There are many variations of the cover which will include shareholder protection, loan protection and partnership protection. We are experience in all business insurance matters and we will endeavor to offer you the lowest cost on the market, along with the most suitable cover.

Examples of cover types:-

Key Person Insurance - financially protecting the business if the key person dies or falls critically ill.

Business Income Protection - A monthly income benefit to the company if the person is unable to work due to incapacity.

Shareholder Protection - Protection of shares if another shareholder dies or is critically ill.

Business Loan Protection - Cover any corporate loans or overdrafts taken out by the business.

Partnership Protection - Cover against losing your business partner to death or critical illness.

As a business you should consider:-

  • Who are the key people within your business?
  • Who are people who drive the business?

The people without whom your business would lose sales and profits.
i.e. Directors, Partners, Shareholders, Middle Management, or key IT specialists etc.

Protecting a business from the financial reprocussions of losing key personal is something often over looked by many SME’s.

Call or email us to discuss if your current insurance provision would protect your business for such an occurrence.