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. The gauge will show how key they are to your organisation and if you click on the result button the consequences of that person leaving the business can be seen.
Key person identifiers:
The first step to protecting your business and key people is to connect with one of our dedicated people risk advisers, who can help you put an appropriate strategy in place so to protect your business.
It looks like is a person in your organisation the consequences of someone in this role leaving the organisation could be…
Do they run the sales team and have the years plan, targets and strategy? Or perhaps they are your lead or only sales person, brining in the essential revenue to your business. Without them, where does your income come from?
May well not be on the board of directors or responsible for management decisions & the running of the company – but without their brains, ideas and processes, where would your business be?
Whether its your Operations Director or your office manager, without them, could your business function? Who else understands the accounting system, who your suppliers are, your website provider?
You’ve won clients, but who maintains your most important client relationships? If something happened to them, does your business have the capacity to continue nurturing those relationships?
The key decision makers within your organisation. It’s likely that any investors will require key person cover as a condition of investment.
Whether a director and on the board, or the HR Manager who looks after everything employee related – and everyone, it’s likely that losing this person could have a significant impact on your business.