Key Person Protection

Put simply, Key Person Protection (also known as key man insurance) is a business insuring itself against the financial loss it would suffer if a key person in their business died or were diagnosed with a specified critical illness if chosen, during the length of the policy.

Key Person Protection is a life assurance or life assurance and critical illness cover policy taken out to cover the life of a key person within your business. The policy is owned and paid for by the employer, so any pay out is payable to the employer. 

Do I need Key Person Protection?

Would your business continue if you lost one of your key employees? 

The loss of a key person in your business could have a severe impact. The business could suffer badly, with sales and profits falling and increased workloads for the remaining staff.

Key Person Protection is designed to pay out a lump sum on the death of the insured key person, during the length of the policy. The lump sum could significantly help the business to recover as the proceeds can be used to help replace lost profit or with finding and hiring a replacement. 

To find out more information on Key Person Protection from our Insurance Specialist please contact us:

Additional Information

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Robinson Financial Services Ltd is an independent asset finance broker not a lender as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Robinson Financial Services Ltd may receive payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them.

Robinson Financial Services Ltd is an Appointed Representative of AFS Compliance Limited, which is Authorised and Regulated by the Financial Conduct Authority, form number 625035.  Robinson Financial Services Ltd is a franchisee of Asset Finance Solutions (UK) Limited www.afsuk.com

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