About key person insurance
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.