If your business would suffer financially from the loss of a director or key employee, key man insurance provides a payout to help the business cope.
Many businesses depend heavily on one or two key individuals — a founder, a top salesperson, someone with irreplaceable expertise or client relationships. Key man insurance pays out to the business if that person dies or is diagnosed with a critical illness, helping cover lost revenue, recruitment costs, or loan repayments.
We'll help you work out who in your business represents this kind of risk, and how much cover makes sense.
Any business that would suffer financially from losing a specific individual — often a founder, director, or someone with unique client relationships or expertise.
The business itself typically owns the policy and pays the premiums, and receives the payout — this is different to personal life cover.
Yes — lenders sometimes require key man cover as a condition of business lending, particularly where the loan depends on a specific individual.
Tell us what you need and we'll come back to you directly — usually the same day.
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