All businesses are exposed to risks in their day-to-day operations. Without business insurance cover to provide protection against some of these risks, businesses would find it difficult to operate efficiently and profitably.

Keyperson

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Key Person Insurance

Directors and employees with highly specialist skills or knowledge are key employees of the companies they work for. To lose one as a result of a critical illness or death can be damaging to the business. That is why taking out Key Person insurance to protect the company is a wise move.

Key Person insurances policies can provide several benefits, including:

  1. Paying the cost of a temporary replacement
  2. Meeting the cost of recruiting a permanent replacement
  3. Covering the cost of death or incapacity of a key member of staff.

The full scope of cover will depend on the type of policy purchased, but companies ignore the risk of losing key staff at their peril. Shareholders, bank managers, suppliers and customers may not be so laid-back.

Warning Text

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THE PLAN WILL HAVE NO CASH-IN VALUE AT ANY TIME AND WILL CEASE AT THE END OF THE TERM. IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

THE POLICY MAY NOT COVER ALL THE DEFINITIONS OF A CRITICAL ILLNESS. FOR DEFINITIONS, PLEASE REFER TO THE KEY FEATURES AND POLICY DOCUMENT.

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Testimonials

When I retired and needed advice on how to get an income from my savings Graham was able to recommend a suitable product to get the income I needed to top up my pension and he visits me regularly to keep me informed on how my investment is doing.

Mrs Logan, Oban.

After our recent house move Graham was able to arrange our new home insurance as well as arranging a life policy round the new mortgage. As he comes to us when it suits me the whole process was no hassle at all.

Mr Watson, Tarbert.

In the six years that Mr McKay has handled my financial affairs, he has been very professional and has a clear understanding of my needs. I would not hesitate to recommend A+ to anyone that needs expert advice on any financial matter.

Mr Lindsay, Strathaven.

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