WHAT IS KEY-MAN INSURANCE?
Keyman insurance is one of the most overlooked insurance policies for businesses – but also one of the most important. As a business person you might have public liability insurance and your buildings, stock and vehicles will be insured. You may even have professional indemnity insurance and legal cost insurance.
But what about if you were to lose one of your key employees or even the boss? This is what Keyman insurance protects against.
The insurance is designed to financially protect a business from the effects of prolonged illness or even death of staff who are central to the prosperity of the company. The insurance can’t replace people but it can provide cash to buy time and cover the costs of temporary staff, recruitment, loss of profits or provide a cash injection.
Key man insurance is a specialist area and to ensure you get the right advice please contact us on 0844 800 4301 (local rate) and our qualified advisors will talk you through how it works. Alternatively use the ‘contact us’ page and we’ll get in touch a a time that suits you.Back to services