Key Person Insurance

Businesses often have staff in key positions on which they highly depend. Often it is the Managing Director, however, it could include any designation such as your Accountant, Sales Manager or any specialist within the company.
The death of a key person could severely impact a company’s financial wellbeing. The replacement of a key person, the opportunity costs and the protection of the existing credit facilities makes Key Person Insurance a compelling tool most companies require.

Shareholders may worry about the loss of a director as it could impact the share price of the company. With adequate cover in place, this risk can be reduced.

For more information, please contact us.