Key Person Cover
Who is crucial to the profit of your business, & what would happen if they were incapacitated?
Pays a monthly amount to the business should a key person be unable to work from illness or injury, or a lump sum should they suffer a critical illness or become permanently disabled.
Calculating the monthly amount covered varies between insurers, however is commonly based on the turnover or profit of the business, in conjunction with the relevant costs of replacing the key person.