Key Person Insurance

Are you protecting your company’s biggest asset?

The rise of the industrial revolution was largely driven by machinery. Today, however, employees are the biggest contributor to company profits. This is why we are seeing an increasing number of businesses come to us for key person insurance.

Key person insurance will provide your business with a lump sum payment should the insured person pass away or become critically ill. The purpose is to provide the business with a cash injection to keep it going while it suffers lost profits, and to pay both recruitment and training fees to replace the key member of staff.

As you can imagine the cost of lost profits through losing a key employee can cripple most businesses.