A key person insurance policy will guard your business from the costs associated with losing vital employees through illness or death.
Entrepreneurs, proprietors and directors don’t blink when it comes to protecting the nuts and bolts of their business – but we all know your employees are your greatest asset, particularly those central to the smooth running and profitability of your company.
Take a key cog out of a gearbox and it grinds to a halt. Look at your business and consider the hit it might take if you could no longer rely on certain staff.
If they were unable to work for any length of time, or unable to return, what would be the impact on your productivity and profitability? How long might it take to find a suitable permanent or temporary replacement?
We know that key person insurance cannot conjure up a replacement, but it can provide invaluable financial compensation for your losses; a lump sum payment to help replace lost profit and costs associated with replacing a vital staff member.
Key Man insurance cover typically falls under these categories:
Determining the right key person insurance for you and your business means examining the multitude of policies available and the options that may come with them. With so much choice it can be hard to see the best option.
Arriving at the right choice for you and your business requires careful attention, knowledge and expertise.
In finding and recommending the best policy for you, our expert business insurance specialists will work closely with both you and the UK’s leading Key Man insurance providers, including Bright Grey, Friends Life, Legal & General, Unum and Zurich.
You’ll need to take a long, onjective look at your business, identifying those that fulfil business critical roles and whose unexpected absence could seriously impact your business or adversely affect shareholder relations.
It doesn’t matter whether you’re a sole trader, small business or major international corporate – protecting against the loss of your key people makes real business sense.
Your dedicated Chase Templeton adviser will be pleased to help you identify priorities, guide you to the best available key person insurance solution, and provide ongoing support – be that amending your future protection to meet the changing circumstances of your business or helping should you need to claim on your policy.
At Chase Templeton we discuss your situation, needs and requirements
We compare your details against everything the market has to offer
We present our recommendations from the UK’s leading insurers