What is Keyman Insurance?
An insurance policy which pays your company a lump sum of money to help cope with the loss of any insured key personnel. This money can be used for recruiting / training a replacement or even help offset any loss in profit/turnover as a result of the loss of a keyperson.
What is a Keyman / Keyperson?
It is usually any person within a company who makes a significant contribution to that company and who you feel could result in potential financial losses should they die or suffer from a critical illness which prevents them form working. A keyman / keyperson can also be a director or shareholder of the company.
Reasons for choosing Insuranet for your Keyperson Insurance:
- Our close team of friendly, experienced & professional advisors share
many years experience in arranging Keyman Insurance / Shareholder Protection
and are all based in our UK offices near Scarborough, North Yorkshire..
- Because we are an independent brokerage we offer a
‘whole of market’ comparison to help find you the
most suitable policy for your company/business.
- All our Keyman Insurance policies are sold on a fully
advised basis to ensure you are offered the most
suitable policy(s) for your companies requirements.
Does my company need Keyman Insurance?
Many small to medium businesses rely on a few key personal who provide significant contributions to that company. For example, a top sales executive with many valuable contacts, your software/website developer, directors. shareholders etc.
If your top sales executive was to die, how could that affect the profit of your company?
Could you still keep hold of his/her contacts. Would those contacts still have the same level of confidence in your company?
What if you suffered the loss of a shareholder and those shares where inherited by a none suitable / reckless relative? This could also result in those shares being made publicly available to anyone including your competitors!
Keyman Insurance offers your business peace of mind.
With a keyman insurance policy in place, you can feel safe in the knowledge that should the unfortunate happen to one of your key employees. directors or shareholders then your company will receive a cash payout which can be used to help maintain your profits and help ride out any negative financial effects which may result from the loss. The cash could also be used to secure any shares which may become available to help secure the growth and ownership of your company.
Speak to one of our friendly, experienced advisors today about how we could help find the most suitable policy to cover your companies requirements. We are a fully independent brokerage who can compare policies from the whole of the market to help find you the best solution.
Just simply call our freephone number below or fill in our callback request form and one of our advisors will call you.