KEY PERSON INSURANCE

A Key Person insurance (keyman insurance) is an insurance policy taken out by a business to protect it in the event of death or extended incapacity of a key member of the business specified in the policy. It is an important form of business insurance.

Key Person Insurance policy protects the company from the financial consequences of losing a key employee (including owners/managers) whose death or injury will have a direct financial effect on the company’s financial status.

Why Do I Need Key Person Insurance?

The trust of your partners, from consumers to vendors, bank managers, and staff, is essential for business performance, and losing a key individual may have a negative effect on that confidence.

A cash injection from a key man insurance or key person insurance scheme will help the company prosper in the short term while still helping you to take action to preserve your trust in the long run.

Some Advantages of Our Keyman Insurance Policy:

• Security for business loans
• If you have a scheme in place to help offset any debt in the event of the loss of a key employee, you can protect your company.
• Defense of a company’s value
• By safeguarding your loans and profits, you’re safeguarding the overall worth of your business.
• Profit security
• You may also insure against a loss of income or the expense of replacing a valuable employee whose long-term absence may damage a company in a variety of ways.

If you are looking for a keyman insurance policy in the UK our experienced insurance advisor will help you to find the right policy as per your need from various policies and can choose the right one for your preferences and budget.

To know more about keyman protection Insurance and its coverage please contact us for more information and to meet with one of our advisors or call us on 02080950120 or email us on info@mountviewfs.co.uk