Key Person Cover - The Business Protection Company
Key Person Insurance Cover / Key Man Insurance What is Key Person Cover? Key Person Cover, or Key Man Insurance is a business assurance product that allows a business to insure itself against the financial loss it would suffer if a key person in their business died or had a critical illness. Key Person Cover or Key Man Insurance is a Key Product for Businesses and Company Directors who are looking to protect their businesses from unknown but potentially very costly risks in their business. Who should you look to Protect? Cover Partners or Other Company Directors Key Person Cover can help you to protect the business against the cost caused by the loss of a Partner or a Key Director from within the business. Especially if all the directors or partners are reliant on each other due to the combination of different skill sets. Cover Key Management Positions Key Person Cover can help you to protect the business against the loss of a top performing Management such as Sales Manager, IT Managers and Marketing Managers etc., especially if they are integral to the businesses performance. Cover Key Technical Staff or Highly Skilled Staff Key Person Cover can help you to protect the business against the cost caused by theloss of a Key Member of staff from within the business. Especially if revenues would be effected or it would be timely and costly to replace them. Cover Top Performing Sales People Key Person Cover can help you to protect the business against the loss of a top performing Sales Person that the business could be reliant on to continue their monthly performances. Good sales people can be timely and costly to replace. “Reduce the financial impact on your business if you lose an employee to serious illness, disability or death” Want to Know more about Key Person Cover? Please watch the short Video explaining Key Person Cover* available via this Link. *Please be aware that by clicking onto the above link you are leaving The Business Protection Company website. Please note that neither The Business Protection Company or First Complete Ltd are responsible for the accuracy of the information contained within the linked site(s) accessible from this page. If you are interested in Key Person Cover or Key Man Insurance to protect your business from Key Sales People or Key Directors dying or becoming critically ill and potentially risking the longevity of your business please get in touch. Other Business Protection Products available from The Business Protection Company Business Wills A business will is an agreement that usually takes the form of a buy and sell option. It ensures the smooth transition of ownership of a business on the event of death, total and permanent disablement or trauma of an owner. Read More Shareholder or Partnership Protection Share Protection allows the remaining partners, shareholding directors or members to remain in control of the business following the death of a business owner. Read More Business Loan Protection Business Loan Protection helps businesses pay an outstanding overdraft, loan or commercial mortgage, should a key person die or suffer from a specified critical illness (if chosen) during the length of the policy. Read More Relevant Life Plan A Relevant Life Plan is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It is designed to pay a lump sum if the employee dies whilst employed during the length of the policy. Read More *Please note for these insurance products terms and conditions apply. This information is a summary only. You will receive a full policy document upon application. This policy will set out the terms, conditions and limitations of cover provided under the plan.
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