Key Person Insurance
Key Person Insurance is a valuable protection insurance used by businesses worldwide to protect them from the loss of a key individual who is diagnosed with a critical or terminal illness and therefore cannot continue working.Get a free quote
Key Person Insurance
Key Person Insurance is a valuable protection insurance used by businesses worldwide to protect them from the loss of a key individual who is diagnosed with a critical or terminal illness and cannot continue working.Get a free quote
Protect Your Business & Employees
Key Person Insurance (also known as Key Man Insurance) is used to protect businesses against the financial loss it could suffer during the period of transition and adjustment when losing a key individual through death or a specified critical illness.
Not only will Key Person Insurance protect your business directly, but it will also give suppliers, customers and other staff members belief and confidence that your business can retain its market position and can still progress despite the loss.
Why Key Person Insurance is important to the ongoing success and security of your business
According to leading insurers ‘Legal and General’ 52% of businesses believe they would have to stop trading in less than a year after the death or critical illness of a key individual. Most businesses are reliant upon talented, skilled, and highly motivated individuals. So, what can you do to protect the business when something happens to a key person?
Key Person Insurance ring fences your company’s most important people and so protects your company against the financial impact of death or terminal illness. Policies can be tailored to suit your company requirements by protecting against specific critical illnesses.
Benefits of Key Person Insurance
Protect your business from the financial impact of losing critical employees through death or illness.
Receive protection in the case of losses incurred from the unexpected departure of a key income generator from your business.
Get a tax-free lump sum paid to the business in the event of a claim which can be used for any purpose.
Offset new or temporary recruitment costs and significant revenue losses.
Not sure what you need?
We have answers to some of the most common questions about insurance cover.
Most Insurances tend to be similar in price but at IAE Insure we believe our customer service makes all the difference as we’ll be on hand to answer any query or explain in detail how insurance works.
Whether it’s Business-related Insurance or Personal Insurance, by meeting and speaking with one of our experienced team we can help assess your true Insurance needs simply and effectively.
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Insurance needn’t be complicated or confusing. We are happy to answer any questions you have and to discuss all the options available to you.
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Our expert advisers work with the best underwriters and can understand your desired requirements translating them into the best policy for you.
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