If your business has an individual or individuals who are fundamental to its success have you ever considered the financial impacts of losing these key members of staff? We can provide insurance options that will give you the financial protection you need to ensure the continuity of your business should this happen.
Key Person Insurance (Profit Protection) is life assurance or life assurance and critical illness cover (if chosen) written on the life of the key person but owned by the business so that any money due becomes payable to the employer. The business pays the premiums this applies to both Limited Companies and Limited Liability Partnerships. With a partnership, the policy is written on an own life basis and may be placed in trust for the benefit of the other partners.
Please contact us for any advice or help required in this area.
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