Key Person Cover
Is there someone in your business who holds all the knowledge about how things are run? What would happen if they were to die or be unable to work? Key person cover can help ensure the business continues to run.
Key person insurance for your business
There is often one or more key people in an organisation who keep everything running such as the accounting, the payroll and all the customer data, so if that person could no longer work due to illness, or if they died, the loss of their knowledge could be devastating.
Key person insurance is taken out on each individual identified as a key person by the company and the policy would pay out a lump sum which can cover unexpected costs such as loss of revenue or recruitment costs, to keep the business going.
It can help reduce the impact losing the key person would otherwise have on the company, helping to provide reassurance to customers and suppliers that the business will continue as normal.
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