Feefo Trusted Service Award 2018

Keyman Life Insurance

We're the experts so let us do the hard work
Making life insurance and travel insurance
affordable for everyone...

Get a Quote

AEGONAIGAVIVAFriends LifeLegal & GeneralLiverpool VictoriaRoyal LondonVitalityZurich

Key Person Insurance

One of the most important yet vastly undervalued by the majority of companies, especially SME's where key people are critical to that organisation's future success. Most business owners cover against fire, burglary and financial losses for many other reasons, but still too few have any cover in place for the loss of key people in the business.

Consider if your company was to lose one of its key people and how that would impact on you, other members of staff and your revenue. If a key person dies or becomes seriously ill and unable to work then there are a number of things to consider:

  • Cost of recruitment / training to replace that individual
  • Potential loss of income / profitability
  • Losing key accounts critical to the business
  • Added pressure / stress to other key staff in the business

How does it work?

The cover is taken out on the life of the key person and the policy is owned by the business (unlike Relevant Life). The premiums are paid by the business out of the company account and then proceeds can be allocated as the company requires, such as:

  • Cost of recruitment / replacement
  • Cover for loss of income and profit
  • Help to maintain cash flow in your business

How much cover do I need?

The level of cover should reflect the value of the individual to the business and the level of profitability they are responsible for. It is difficult to put a precise value on a person in your business, however, there are a number of ways to calculate this amount.

Get a Quote

photo 1449495169669 7b118f960251

The Insurance Surgery Ltd is rated 4.9/5 based on 1477 reviews. Read our reviews

'Simply the best' This company is the top of the insurance business. I found it after having a bad experience with one of the biggest insurers.I thought I would struggle to get insurance. I filled in the enquiry section on there site, and waited for the reply. When it came I was very impressed with the manner in which the information was taken and the speed I got the quote, which was very reasonably priced.I would not hesitate to use this company again and would highly recommend them to family and friends. 4.9

Specialist and Free Advice from a team of experts

Speak to our team of experts to find out how much we can save you today...

Call 0800 083 2829

Monday to Thursday: 8:30am - 8:00pm Friday: 8:30am - 5:00pm

Request a callback

Arrange a callback