Most organisations employ at least one person who is critical to the future success of the enterprise - be it the original founder, a rainmaker, shareholder or some other “Key Person” with a particular skill or expertise. Key Person Insurance protects you against the financial consequences of losing key staff members.
Who’s the life and soul of your business? If you can name them, you probably need Key Person Insurance…
Issues to ponder….
Key Person Insurance can provide a cash injection (either as a lump sum or as a flow of income) to the business if a key person dies or suffers a serious illness, allowing the business to continue trading at a time of considerable uncertainty and financial pressure.
What's covered in Key Person Insurance?
Among other things, Key Person Insurance can cover:
Already have protection in place? Great, but when was this last reviewed...?
Both your business and the economic situation have probably changed significantly in the past couple of years, meaning that the protection you initially put in place may no longer reflect your business going forward. We can help you review your exposures.
Key Person Insurance (for Life** cover) can cost as little as...
|£ per year||Age*||Providing £ Life Cover||Number of years of cover|
Source: Assureweb 2019
*Based on a fit & healthy person
**Critical Illness cover may cost more than Life cover.
La Playa’s intelligent approach to financial services is founded on absolute integrity, an in-depth understanding of our clients, a high calibre team of advisers and a commitment to excellence in service.
Investing with Intelligence
Together with our sister company La Playa Ltd, we offer a joined-up approach, with insurance and other financial services all under one roof.
Get in touch - our initial consultation is free, and it could be the best move you make this year.