Key Person Insurance - Term Life
Should one of the most difficult situations arise, Key Person Insurance – Term Life, is life insurance on the key person within a business.
Key people within a business are crucial to the running of a business as their skills, experience and leadership contribute to the success of the business.
In small businesses this is usually the owner, the founders or key employees and the absence of these people would be significant.
This cover is ideal for businesses that either employ staff or for individuals that are self-employed.
This insurance provides a lump sum benefit of £250,000 in the event that a key person dies during the period of insurance. The period covered by this insurance can either be for 1 or 3 years.
Business protection cover for key persons whose skills, experience or leadership contribute to the success of the business. Affordable key person cover for businesses that either employ staff or for individuals that are self-employed.
Please note that pre-existing medical conditions are not covered under this insurance. For a full list of exclusions please read the Policy Summary or Policy Wording.
Contact one of our experienced brokers on +44 (0) 1323 648000 or e-mail us at info@professionalinsuranceagents.co.uk.