Keyman Insurance is a policy taken out by a business to protect their most valuable employees. In essence it’s a life and critical illness plan for those who are crucial to your company’s success. Whether that’s the CEO, your top salesperson, or someone with a certain level of expertise, that cannot be replaced easily.

 

If any of these key people were to suddenly die or be diagnosed with a critical/serious illness, Keyman protection will protect your business against the financial repercussions. A lump sum is paid out directly to the business and can be used to cover the cost of any profit losses, replacement staff, or loan repayments.