Key Man Insurance

Is your business protected against the loss of key staff or personnel?

The loss of a director or a key member of staff can have a devastating affect on any business, particularly in the SME sector. While businesses can insure themselves against all types of scenarios they sometimes overlook what makes their business a success – their key staff or directors.

Request a Callback

What is Key Man Cover?

Key Man Insurance is specifically designed life-insurance solution to financially compensate a company for the loss of a director, shareholder or a key member of staff due to sudden death or serious illness.

How does Key Man Insurance Work?

A company can start a Key Man Insurance plan at any stage during their business lifetime. In affect the company is insuring itself against the loss of a key member of staff due to sudden death or serious illness. In this event the Key Man policy will pay out a lump sum to the company to cover the financial loss suffered by the company. The policy may also be used to pay off bank loans guaranteed by a director or to pay off a loan made to the company by a director.

Key Man cover is vital for a business of any size. Statistics show that 90% of businesses fail due to the loss of a director or key employee. The loss of key personnel can leave a company in a poor financial situation without any warning.

In particular it can give rise to:

• The calling in of company loans.
• Interruption to the business.
• Loss of key business contacts.
• Financial out lay to replace a key employee.

Any business that has Key Man Insurance in place has the added security that their business is protected should an unexpected event happen. As a business owner it gives you the peace of mind that your business is safe no matter what the future holds.

The following cookies load by default:

Strictly necessary cookies
These cookies are essential for visitors to be able to browse the website and use its features. None of this information can be used to identify visitors as all data is anonymized.

Site session
Purpose: To remember different visitor preferences on the website.
Duration: For duration of browser session.

Preferred language
Purpose: To be able to provide the website in the visitor's preferred language (if the website contains multiple languages).
Duration: 1 year.

Currency
Purpose: To be able to show prices in the currency matching the visitor's preferences.
Duration: 30 days.

Google Recaptcha
Purpose: To be able to validate whether the visitor is human and to limit the amount of spam from contact forms.
Duration: 1 year.
Provider: Google.


Third-party cookies
These cookies collect information about how visitors use the website, like which pages they've visited and which links they've clicked on. None of this information can be used to identify visitors as all data is anonymized.

ga
Purpose: Registers a unique ID that is used to generate statistical data on how the visitor uses the website.
Duration: 1 year.
Provider: Google.

gid
Purpose: Registers a unique ID that is used to generate statistical data on how the visitor uses the website.
Duration: 24 hours.
Provider: Google.

gat
Purpose: Used by Google Analytics to throttle request rate.
Duration: 1 year.
Provider: Google.

We also integrate with social platforms on this site that allow you to connect with your social network in various ways. Social media integration will set cookies through the website which may be used to enhance your profile on social media sites or contribute to the data they hold for various purposes outlined in their respective privacy policies.