The death or serious illness of a key director or employee can have far-reaching or even disastrous consequences for a business. It can result in:
Having the correct insurances in place and making sure that they are regularly reviewed and updated as your business changes can be a particularly onerous task.
As part of our corporate service, we will undertake an in depth review of your business and work with you to implement a tailored insurance programme to help protect your business from a wide range of risks.
Key person assurance is not a product. It is an application of insurance designed to maintain profitability and/or secure a company's continuity. Its aim is to provide the replacement costs of an individual whose loss from the company through death, disability or serious illness would have a significant impact on the company's profits, turnover or continuity through any, or a combination of, loss of :
The considerations to make in identifying your key personnel will vary, depending on the size and nature of your business. The following flowchart may assist with this:
If you should wish to discuss how we could help you, please contact us for further details.