Key Person Cover
What is it?
Key Person Life & Critical Illness Cover. Key Person Insurance protects your business financially if an essential employee dies or is diagnosed with a serious illness.
Who is a Key Person?
It’s not just about directors. A Key Person could be anyone who plays a crucial role in your business — from top-performing salespeople and founders to highly skilled specialists whose absence would have a major impact.
Why does it matter?
Protecting your business and cashflow. Losing someone vital to your business can affect revenue, operations and future plans. Key Person Insurance can provide a financial cushion while you adapt and recover.
What’s included?
Cover built around your business. Choose Life Cover, Critical Illness Cover, or a combination of both, depending on who you need to protect and what works for your budget.
Who receives the payout?
Your business. Unlike personal Life Cover, the policy is designed to pay the business, giving you funds to help manage the financial impact of losing a Key Person.
Tax & setup
Designed with your business in mind. Key Person Cover may qualify as a tax-deductible business expense, depending on the policy and circumstances. We’ll help you get the right structure in place.
