Call our expert health insurance advisers and we’ll be happy to help you
Key Person or Key Man Insurance pays a business a lump sum should a key employee become critically ill or pass away.
This type of insurance asks you to name the person whose contribution you want to protect, plus value their impact on the business.
But putting a value on a person can be tricky, how can a quantifiable amount demonstrate someone’s impact on a company?
There’s no straightforward sum here, each business is too unique for that to give you the accurate and personal figure you’re after. We suggest you start by working through our list below – find a quantifiable figure and add them all together to reach your starting point.
If you would like a hand, or just some advice simply contact us.
At Chase Templeton our advisors have a range or formulas and calculators we’ll work through with you to try and place a value on your Key Person.