If We Have Key People?
Businesses often have key people who are fundamental to the continuing success of the business operation, such as chief executive officers and managing directors.
The sudden loss of these individuals due to illness or death can have a dramatic impact on the business and affect both profit and cash flow.
We are able to provide businesses with comprehensive policies to inject liquid funds to ensure continuity. Funds can be used by the business to mitigate the impact of the loss of a key person. This can include providing funds to offset a potential fall in profits, providing liquidity to meet ongoing expenditure while revenue streams are reduced, or providing funding for the recruitment costs of replacing a key person.
External investors may also require key person insurance as part of their terms for funding. Key person insurance will enable them to recover their investment if the business suffers as a result of the loss of a key person.
Please get in touch if you would like to speak to us about arranging an insurance policy to safeguard your business operations by emailing firstname.lastname@example.org or calling 020 7633 2222.
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