Key person insurance can protect your business against the financial impact of the critical illness or death of a key employee.
- Receive a tax-free lump sum if a key person becomes ill or passes away
- Protect the future of your practice with cover from first-class providers
- Secure the funds you need to hire or train replacement staff
- Get expert financial advice tailored to your profession
Financial support when you need it most
Do you have an employee who is crucial to the day-to-day running of your practice? Perhaps they’re a member of staff with a specialist skillset, or a practice manager responsible for managing important business contracts?
Whatever the circumstances, key person insurance covers your practice against the financial loss you might suffer in the event of losing this employee through death or critical illness.
Paid to you as a lump-sum amount, this type of cover provides a financial bridge between the loss and replacement of key employees – making a difficult time that little bit easier.
Why consider key person insurance?
While key person insurance protects your business against the loss of a key employee, it also provides the support needed to hire or train replacement staff.
This might be a dentist with a specialist skillset or a practice manager for handling important business contracts. Learn more about why you should consider taking out a key person insurance policy in this video.
How we can help
Once you’ve identified who the key employees of your practice are, you’ll need to make sure you have the right cover in place. That’s where we can help.
With a range of Specialist Financial Advisers dedicated to your profession, Wesleyan Financial Services will discuss your circumstances, assess your future financial needs and recommend a suitable policy from one of the leading providers we work with.
We can also offer advice on other areas of business protection, including surgery insurance, locum insurance and partnership protection.
Important information
Wesleyan Financial Services is a broker and insurance products are provided by a number of selected insurers.
Limits, exclusions and charges do apply. Full terms and conditions of the policy and cover, including the policy benefits and exclusions, will be contained in the Policy Wording and Policy Summary.
Risk must be acceptable to underwriters at normal term.
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