Key Person Cover

The death or incapacity of a key person could lead to a financial loss for the company through a loss of profits, loss of goodwill or a number of other factors such as a loss of confidence among customers. Like a life insurance policy, it pays a sum to the business, which can then be used to cover the costs of finding a replacement.

The costs of such “key person” cover can be surprisingly low and we can advise on costs, taxation implications and how best to arrange such cover.