Key Person Protection
Services |
What We Do |
Business Insurance |
Key Person Insurance
This is Life Insurance purchased by a company on the life of key personnel. Usually the company is the policy's beneficiary. The sudden death of a key person such as an owner, partner, major shareholder or key staff member often has a significant impact on a business. Replacing the expertise and knowledge of a key person can be timely and expensive, and could seriously jeopardize the day-to-day function of the business. A key person life insurance policy will help provide continuity of the business and give assurances to staff, creditors, customers and personal guarantees as well as cover the cost of legal and accounting expenses.
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Business Overheads/ Locum Cover
Business Overheads/ Locum Cover: - provides a monthly payment, which helps you meet the day-to-day cost of running your business in the event of you being disabled due to illness or injury. Business Overheads insurance can fund the costs of keeping your business functioning so that you don't have to sell your share or your business, in the event of a long term absence, until such time as you are able to return to work.
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