Key Person Cover
Key Person Insurance
Imagine a fire or flood at your premises. With the right support and help your business could be back up and running reasonably quickly. The building, your equipment and stock can all be replaced and if you have the right insurance policies in place, this shouldn’t take too long.
If you lost a key person however, replacing them is not so easy, nor is it guaranteed. Key person insurance safeguards your business from the negative effects of the death of a key person or their extended absence due to critical or terminal illness.
*Tax treatment varies according to individual circumstances and is subject to change. These types of plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse.
A partnership may wish to protect its partners so that if one is taken critically ill and cannot fee earn, the remaining partners may use the key person insurance to pay off any debts occurring as a result.
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Securing the present. Protecting your future.
We are independent and are directly authorised by the Financial Conduct Authority (FCA) which assures our clients that we have no network or product restrictions, and we also have a in-house compliance team that ensures our advisers are always supported and able to give first-class advice.