Introducing Key Person Income Protection

No one can predict the future, but Key Person Income Protection acts as a failsafe if a crucial member of your team is out of action. Find out how Key Person Income Protection insurance can give your business much-needed stability at a difficult time.

What is Key Person Income Protection?

Key Person Income Protection is a type of business protection insurance that safeguards a company against the financial impact of a key employee being incapacitated due to illness or injury. In exchange for your premiums, your business will receive a monthly benefit if you ever make a valid claim on the policy.

What does Key Person Income Protection cover?

‘Key man’ income protection pays for the peace of mind in knowing that your business can continue its activity when a key man or woman is unable to work. Here are just some of the ways you could use your Key Person Income Protection benefit:

  • Hire a temporary replacement employee
  • Protect a proportion of profits
  • Help with business loan repayments.