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Key Person Insurance

What is Key Person Protection?

Key Person Insurance or keyman insurance) is a specialised policy that protects a business from the financial impact of losing its most valuable “human assets.”

It compensates the company, not the individual, for the loss of a person whose knowledge, work, or presence is vital to the organisation’s survival.

Key Person Insurance provides the cash injection needed to sustain business operations and recruit a suitable successor.

Who can Benefit from Key Person Cover?

Small Businesses

Protect your company’s survival and cash flow if a vital team member is lost.

Startups

Safeguard specialised intellectual property and technical expertise critical to your ongoing product development.

Partnership Firms

Provide the necessary liquidity to buy out a deceased or disabled partner’s shares.

Companies with Debt

Assure lenders that business loans will be repaid even if a key driver leaves.

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