This is an insurance cover purchased by a company on the life of a key person within the organisation to protect the company against loss of profit or cost of replacing the key person in the event of death. The aim is to compensate the business for losses and facilitate business continuity.

Who is a Key Man/Person?
A keyman can be anyone directly associated with the business whose demise can cause financial strain to the business; such person could be an employee, an owner, a director, a shareholder, etc

Benefits of Keyman Insurance

• Guarantees ability to meet financial obligation
• Replaces profit that ordinarily would have been lost
• Provides funds for meeting the cost of replacing / training a successor

Get a Quote