Key Person Cover
How would your business survive if you died or suffered a debilitating illness or injury? Key person insurance (also known as key man insurance) is a form of life cover that protects your business from loss as a result of losing the services of critical individuals.
Key person insurance protects your business from loss as a result of losing key individuals
For businesses that rely on important people for their knowledge, experience, capital or client base, key person insurance is an important protection to consider. From two-person partnerships to large corporate organisations, key person cover is commonly taken on directors, executives and even important suppliers.
Expenses associated with recruitment and training are covered by a key person policy, as are losses due to a reduced capacity to transact business.
Fill out the 1300 Life Insurance quote form below and we will be in touch to discuss your key person insurance needs. If organisational success depends on the activities of important individuals in your business, key person insurance is cover that takes the future into account.
How much insurance
do you need?
When calculating your insurance coverage, make sure you take into account all of your debts, as well as ongoing lifestyle and education expenses. Proper coverage can ensure that your family will be comfortable, whatever happens.
