Keyman Protection

The need to insure the physical assets of a business is understood; every business needs protection against the disruption and loss of profits that the failure of these assets would cause. However, most businesses rely more heavily on their personnel than on any physical asset. Normally the contributions of a number of key employees are vital to the company's profitability and viability. Despite this, very few UK companies properly insure these key employees.

The nature of the key employees varies from business to business: your key individual(s) may be a Director who has loaned money to the business, a Technical Specialist, a Sales Director holding your client relationships, or the founder of the business who is giving the company its impetus. The common factor is that, without these individuals, the business could not maintain its current performance.

If the key individuals within your business were to suffer a critical illness, a disability or even an untimely death; your business would experience a reduction in profits and, in extreme circumstances, this could jeopardize the continued future existence of the company. Key Employee Assurance can protect your business (in these circumstances) by providing the company with the funds to replace this loss of profits.

PK Group's financial planning Advisors can help you with identifying the type and size of cover that your business will require. Often companies will need cover on a number of individuals, making a group plan more economical. By understanding your business we will ensure that your key people have the best protection, giving your business the security it needs.

For a consultation; please contact your PK Advisor.

If you have not worked with us before, please contact us and one of our specialists will be able to assist you immediately.