Many business owners focus on their physical assets – premises, furniture, machinery, company cars and computers. Yet, they neglect to mitigate the impact if a key person were to leave. The smart money is on the business that has a strategy around the people risk.

Why do you need key person insurance?

Key person insurance provides the funds to continue trading, to maintain profit, fund a replacement, pay off a bank load or repay directors loan accounts. Our experts will work with you on a wider protection strategy that will provide the stability you need to keep your business going.

Key people come in all shapes and sizes – ultimately, they are the people on whom the business is financially dependent.

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)

Quick Contact

Steve Hope

Employee Benefits Director

Email Steve

Quick Contact

Chris Jelf

Group Commercial Director

Email Chris
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We thought that we had exhausted all options for our type of business. They completely understood the field we operated in and provided us with new options – and then shopped around for us to get a better price.

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Sue L

Life Sciences Client

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[Partners&] has looked after the insurance policies we have as a company (and also personal policies for our Chairman) for many years. As a PR company we often have odd requests for insurance of various stunts etc., they have taken the time to get to know our business, ensuring that we have adequate cover at all times. Finally, they are a friendly and efficient team who are always a pleasure to speak to. They provide an excellent service. I would have no hesitation in recommending their services for all insurance needs.

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Jo Vowels, Office Director and PA to Chairman

Cirkle

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The team have been providing us with insurance services for nearly a decade…they are highly trained and knowledgeable in their field and helpful in providing support to our business completely attuned to our requirements.

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Atom Ltd

FAQs

We’re here to help you ask the right questions, so that together, we can work on the best outcomes for you, your business and your people.

When you die, any debts you have must be repaid from your estate before any other claims on the estate can be met. This is the case whether or not you have made a will. Your ‘estate’ is all the property, goods and money that you own that are available to be distributed after your death. Key man cover can be put in place to make sure that the capital is available for any loans to be repaid.

Many lenders insist that adequate cover is in place to make sure any debt is settled upon the premature death of the borrower again key man cover can be an incredibly cost effective and tax efficient way to make sure you have the relevant protection in place.

Contact our team to discuss your needs.

We’d love to hear from you!