WHAT IS KEY MAN INSURANCE?

Key person cover provides a capital injection to the business in the event of the involuntary departure of a director or key employee (i.e. Death, Serious Illness or Injury) to replace lost revenue or cover a capital requirement.

It is simply life insurance on the key person in a business.

NEW OR REVIEW?

We assess whether Key Man Insurance provides a net benefit for you and your business, or we can check what you may already have in place.  Delivering one of the following outcomes:

Keep your Existing Policy/Provider  with the Existing Cover you have
Keep your Existing Policy/Provider and revise the Existing Cover you have
Change your Existing Policy/Provider with the Existing Cover you have
Change your Existing Policy/Provider revise the Existing Cover you have

HOW MUCH DOES KEY MAN INSURANCE COST?

How much would the business need until it could replace the key person?

Advice is important here, as many businesses actually over insure – select a policy that will address your short-term cash needs in case of a trigger event.