Limit your risk with key person insurance
Keyman Assurance provides a company with funds, should a person key to the success of the business die or be diagnosed with a qualifying serious illness.
A key person is the very lifeblood of your business. Your business has an individual, or individuals, whose absence would leave a gaping hole in your operation affecting the profitability, growth and ultimate success of your business and also an individual who would be nearly impossible to replace.
In the event of the death or serious illness of an individual covered by a key person policy, the proceeds of the policy are paid out to the business.