What is Key Person Protection?

Key person protection often called key man insurance, allows a business to protect itself against financial loss if a key person to the business was to pass away or suffer a serious illness.

Benefits of key person protection

The head of marketing giving a presentation in front of her colleagues | Finsure UK

Key person protection is an ideal policy for many small and medium-sized companies who are often dependent on a few key individuals and want to protect them.

Consider what would happen if the key person in your business couldn’t come to work tomorrow or for a long time? Key person protection can help protect a company’s profit or clear debt to continue trading as normally as possible.

The plan would pay out a lump sum to cover any loss in revenue or to pay wages. Offer your business the financial protection it deserves with key person protection if such an event were to happen.

Finsure’s panel of experts will be able to assist you in finding the right cover for your business.