Immediate Financial Support
Receive a lump sum when your key person dies or suffers a critical illness. Use the funds however your business needs during the transition period.
Key Person Insurance
When the person who lands your biggest deals or holds crucial technical knowledge suddenly can't work, your business feels it immediately. Key person insurance provides the financial breathing room to hire temporary cover, recruit replacements, and keep operations running while you rebuild that expertise.
An employer may take out a key person insurance policy on the life or health of any employee whose knowledge, work, or overall contribution is considered uniquely valuable to the company.
This information is for guidance only and does not constitute financial advice.
Business protection guide
When your business can't afford to lose someoneMost business owners know they have key people but hope nothing will happen to them.
The reality is that losing a crucial employee through death or serious illness
can threaten everything you've built. We help businesses identify their vulnerabilities and protect against the financial impact.
What key person insurance can do for your business
- Provide funds to cover lost profits while you find a replacement
- Pay for temporary staff and recruitment costs during the transition
- Maintain cash flow to meet ongoing business commitments
- Cover the costs of fulfilling contracts that person was responsible for
- Give you time to restructure operations without financial pressure
- Protect your business relationships during a difficult period
Knowing you have protection lets you focus on building your business rather than worrying about what would happen if certain people weren't available.
When a key person can't work, your business faces immediate challenges. Revenue often drops while costs remain the same. You're paying for temporary cover, recruitment fees, and training - all while trying to maintain client relationships.
Key person insurance doesn't replace the individual, but it provides the financial stability to adapt your business operations without panic decisions or emergency funding.
How key person insurance protects your business
Tax Advantages
Premiums can usually be treated as a business expense for corporation tax purposes, provided the policy meets specific criteria set by HMRC.
Covers Real Costs
Lost profits, recruitment expenses, temporary staffing, training costs, and contract fulfillment - all the financial pressures that hit when someone crucial can't work.
Flexible Coverage
Choose the sum assured based on your business needs. Coverage can be for death only or include critical illness protection depending on your risk assessment.
HM Revenue and Customs practice and the law relating to taxation are complex and subject to individual circumstances and changes which cannot be foreseen.
How we help
We understand that financial decisions feel heavy because they affect everything that matters to you. Our job is to make them lighter, clearer and easier.
Testimonials
Trusted by business owners who understand the risks
We've helped businesses across different industries protect themselves against the loss of key people.
How can we help protect your family?
Tell us about your protection needs
Share your concerns and what you're hoping to protect, and we'll explain your options clearly.