Business Insurance

Key Person Revenue Protection helps a business avoid disruption to cash flow in the event of death, disability or critical illness of a Key Person.

It provides a lump sum payment that can be used to:

  • Compensate the business for a reduction in profitability
  • Fund the costs of recruiting and training a replacement
  • Meet other business expenses until the Key Person has been replaced
Who is a key person?

For the purpose of Key Person Revenue Cover, a key person is generally defined as someone whose association with the business provides a significant and direct economic gain.

The owners of a business will usually be key people. Other key people may include:

  • Managing director
  • Financial controller
  • IT specialist
  • Sales manager
  • Specialist engineer
  • Business development/relationship managers