Whole-of-market access, including cover from
Capital for the business to protect against loss of profit if a key employee dies or becomes critically ill.
Whole-of-market access, including cover from
Key Person Insurance provides a lump sum to the business if a named key employee (often a founder, director, or someone with specialist knowledge or client relationships) dies or is diagnosed with a critical or terminal illness.
Any business where the loss of a particular individual, through death or serious illness, would have a material financial impact.
Anyone whose skills, knowledge, client relationships or leadership are hard to quickly replace, this might be a founder, a top salesperson, or a technical specialist, not just the most senior person.
Usually based on the financial impact their loss would have, factoring in lost profit, the cost of recruiting a replacement, and any loans or contracts that depend on them. I'll help work through this with you.
The business. It's designed to protect the company's finances, not to provide a personal payout to the key person's family.
No. Key Person Insurance protects the business against losing someone important, while Shareholder Protection specifically deals with what happens to an owner's share of the business.
Match Financial Partners Ltd is authorised and regulated by the Financial Conduct Authority (under number 983246 in respect of mortgage, insurance and consumer credit mediation activities only).
You can check this on the Financial Services Register by visiting the FCA's website www.fca.org.uk or by contacting the FCA on 0800 111 6768.