keyman protection
Your business is very important to you and the other owners of the business. Often a successful business is dependent on a few individuals.
- What would happen if these "keymen" were to fall ill?
- What would happen if the keymen were to suffer long term illness?
- Or even worse what would happen if your keymen were to die?
- Will the future of your company or business hang in the balance between success and failure?
Keyman protection and shareholder insurance will not prevent the loss of crucial people in your organisation, but these insurances can help your business recover during the period when your key personnel are not able to work, or to train or recruit a replacement.
The keyman protection falls into two broad categories: protecting your key personnel and protecting your profits. This is the same whether you are a Limited company, a partnership or a sole trader.
You have insurance on your buildings, public liability insurance. You are protected from fire and accidental damage to your property, so why not insure your most valuable company assets your key staff members?
