Key Person Insurance
Protecting your business against the loss of essential talent
Overview
With a variety of providers and policy structures available, selecting the most appropriate cover can be complex. We help businesses navigate this market, providing guidance on coverage levels, terms, and claim scenarios.
Ready to help minimise your risk and uncertainty?
Request a Quote.
How We Can Help
Key Person Insurance is a strategic tool that helps businesses manage the financial risks associated with the loss of essential personnel. Our role is to help you understand these risks, evaluate potential exposure, and identify suitable cover.
We start by assessing your business and its key roles. Considerations include revenue dependency, client relationships, technical expertise, and leadership responsibilities. From there, we review policies from multiple providers, highlighting differences in coverage, premiums, and claims support. The focus is on ensuring protection is proportional to the value of the key person to the business.
Being independent allows us to compare a range of providers, giving you a full view of the market. We also help clarify policy terms, potential exclusions, and the process for claiming, ensuring you understand what protection is in place and how it operates in practice.
Our support extends beyond finding and setting up your policy. We assist with periodic reviews, changes to the business structure, and adapting coverage as key personnel join or leave. We also advise on communication strategies to help stakeholders understand the protection in place.
Request a Quote
- Simple & Efficient – Request a quote now
- Trusted Advisors – Nationwide specialists
- Exceptional Service – Rated by real customers on Feefo
Your Questions, Answered
Key Person Insurance protects a business financially if an essential employee becomes unable to work due to death or serious illness. The policy provides a lump-sum payout to the business, which can be used to cover losses, recruit replacements, or maintain operations. Coverage is tailored to reflect the individual’s impact on revenue, clients, or operations. We guide businesses in assessing which roles are critical, understanding policy options, and structuring protection that reflects the organisation’s risk exposure, ensuring the company can navigate unforeseen challenges with confidence.
Individuals whose expertise, client relationships, or leadership is essential to the business should be considered for Key Person Insurance. This could include founders, senior executives, technical specialists, or client-facing personnel whose absence would materially affect operations or revenue. We help businesses evaluate the financial and operational impact of losing specific employees and advise on which roles to prioritise. The goal is to make coverage meaningful, proportionate, and aligned with strategic objectives, offering reassurance to owners, investors, and employees alike.
When a claim is made, the insurer evaluates the circumstances, verifies eligibility, and pays the agreed sum to the business. Claims can cover death, serious illness, or permanent incapacity, depending on the policy. We guide businesses through the claims process, explaining required documentation and liaising with insurers if needed. Our aim is to support timely and efficient resolution, helping providing financial relief while the business manages operational adjustments. Clear communication and preparation are key to ensuring that the policy delivers as intended when it matters most.
Yes. Businesses evolve, and key personnel may join, leave, or change roles. Policies can be reviewed and updated to reflect these changes, ensuring coverage remains relevant and sufficient. We assist with regular reviews, advising on adjustments to coverage limits, policy terms, and additional enhancements. This helps protection remain aligned with the business’s strategic needs and supports mitigating the risk associated with changes in workforce composition or organisational structure.