Directors and employees with specialist skills or knowledge are key employees of the companies they work for. To lose one through death or incapacity can be damaging to the business. That is why taking out a key-person insurance to protect the company is a wise move.
Key-person insurances can provide several benefits. These can include:
• Paying the costs of a temporary replacement
• Meeting the costs of recruiting a permanent replacement
• Covering the cost of death or incapacity of a key member of staff.
The full scope of cover will depend on the type of policy purchased, but companies ignore the risks of losing key staff at their peril. Shareholders, bank managers, suppliers and customers may not be so laid back…
Key Person Insurance
| Frankwell Financial Ltd is An Appointed Representative of Sesame Ltd., which is authorised and regulated by the Financial Services Authority Sesame Ltd is entered on the FSA register (www.fsa.gov.uk/register/) under reference 150427 |
| The FSA do not regulate National Savings products, personal and commercial loans, wills/will writing, utilities, book sales or some forms of mortgage, tax planning, inheritance tax planning, offshore funds. The advice and / or guidance contained within this site is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. |