Ensuring your business can survive the worst
All businesses have individuals who are key to the everyday performance, success, income and potential value of the business. Your benefits may provide those employees’ families with cash should the worst occur, but what will the business lose?
Key Person Insurance is designed to provide financial protection to a business against the death or long-term absence of someone who is vital to the success of the business.
Key Person Insurance can be set up to provide capital or an income to cover potential lost revenue, plus the costs of sourcing and training a replacement member of staff.
We take the time to understand the risks your business faces and work towards solutions that offer peace of mind.
Life Assurance plans typically have no cash in value at any time and cover will cease at the end of term. If premiums stop, then cover will lapse.
If you're a company director and have life insurance to protect your family, you could be paying more tax than necessary. We can provide a full review of your existing policies, to ensure the most appropriate structure and benefit.
Losing a major shareholder or partner can cause serious problems, not only within the business.