Key Person Protection
Businesses may want to protect the key employees within their firm – perhaps the key salesperson, or the IT manager without whom the business will not function properly. Keyperson protection can provide a fixed sum should the individual be unable work, or even die. The benefit will be designed to cover the firm’s expenses in meeting any emergency costs, recruiting a replacement employee and protecting the future of the business.
If you are a Business owner, Business Protection for a key employee can be crucial, whether due to long term sickness, critical illness, terminal illness or death and should certainly be considered.