In every business, there are people who are vital to continuing prosperity. They might be the finance director or the chief executive, or a senior design engineer or an account manager. They are people whose continuing absence from work would have serious consequences for cash flow and even a company's long-term viability.
It's commonplace to insure against loss or damage to buildings, stock and other assets. Yet the damage caused by the prolonged absence of someone on whom a large part of the business depends is often underestimated or not even considered.
Insuring a business against the temporary or permanent loss of a vital staff member is just as practical and just as important as insuring against fire or flood.
How it works
Key person protection can cover one or two nominated individuals, who can be a partner or an employee.
Further information... Who should I talk to?
Speak to your financial adviser to find out more. If you don't have an adviser, the IFA Promotion Service or the Society of Financial Advisers can help you find one.