What is it?
Loss of profits insurance, providing financial assistance should a key person in your business die or become critically ill.
Why does my business need it?
Don’t overlook one of the significant success factors of your business – your people – those individuals who would have a financial impact, if they were to die or become critically ill.
Key Man insurance protects against:
- Loss of profits due to lost sales or halting product development.
- Expense of recruiting permanent or temporary replacements.
- Financial impact of outstanding loans guaranteed by your key person.