If you look after the fixed assets in your business, for example premises, furniture, machinery, company cars and computers, why wouldn’t you insure the greatest assets in your business – your people?
The smart money is on the business that has a strategy to mitigate the impact of losing a key person – the people risk.
How can key person insurance help you?
Key person insurance provides the funds to continue trading, to maintain profit, fund a replacement, pay off a bank loan or repay directors’ loan accounts.
Key people come in all shapes and sizes – ultimately, they are the people on whom the business is dependent in some way.
Take a moment to look inside your business and think about who you really rely on:
- Business owners who set the strategic direction and run the business
- A sales person or director who has a major impact or influence on profit
- Specialists whose skills are hard to replace
- People who hold relationships with third parties (banks, suppliers or key clients)
Questions to consider
Contact our team to discuss your needs.
We’d love to hear from you – give us a call or request a call back to discuss your business or personal insurance needs.