Key person insurance
A lot of business owners will have considered protecting their personal mortgage and family, but haven’t done anything about protecting their business adequately.
We help business owners to help protect the future of their Company, by initially carrying out analysis to identify their specific risks and exposures, then recommending appropriate solutions to eliminate those risks.
This analysis will look at avoiding financial disaster in the following ways;
- Protecting business profits and funding replacement staff as a result of the key people in their business dying or suffering a serious illness
- Protecting shareholders capital values in the business for the benefit of spouses/partners on death or serious illness
- Protecting Companies against the debts they owe, such as directors loans, mortgages, bank loans and overdrafts.
You may perceive that you have adequate protection in place, but haven’t reviewed your situation for some years, so be unaware that you have insufficient insurance to cover rising values of their business, debt levels or up to date loss of profit.