Key Person Insurance
Keep your business strong. Key Person Insurance provides financial support when a critical team member is unable to work. Get your quote today.
Key Person Insurance is a policy that protects your business if a crucial employee, partner, or director becomes seriously ill, disabled, or passes away. It provides a lump sum payout that can help cover lost revenue, recruit and train a replacement, or keep your business running smoothly, giving you peace of mind when the unexpected happens.
What is Key Person Insurance?
Key Person Insurance helps your business survive and thrive if a critical employee becomes ill or can’t work, covering lost revenue and unexpected costs.
Why it matters.
Financial Security
A lump sum payout helps safeguard your business’s future.
Benefits ✓
Revenue Protection
Cover lost profits if a key employee can’t work.
Recruitment Support
Hire and train a replacement without financial strain.
Flexibility
Use the payout wherever your business needs it most.
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A key person can be vital to your business’s success. If they’re unable to work, the business could face lost revenue or disruption.
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The policy pays a lump sum to your business, which can be used to cover lost profits, hire and train a replacement, or maintain operations.
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Any employee, partner, or director who is crucial to the business’s performance and continuity.
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Yes, many businesses insure several critical people to ensure broader protection.
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Coverage depends on your policy terms. Most cover serious illness, disability, and death, but always check the specifics.
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