Business insurance

Key Person Assurance

The loss of a key person within an organisation can be a devastating blow to any business, leading to serious financial problems for the company.

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A small team gathered around a wooden table with laptops

Protects
A business that loses a director, shareholder or sole trader
Triggered by
Total long term disability, total and permanent disability, terminal illness or death
Provides
A capital injection into the business

Overview

By putting in place key person assurance the cover is designed to provide a capital injection into the business upon the total long term disability, total and permanent disability, terminal illness or death of a director/shareholder or sole trader of the business.

Is it right for you?

Do I need Key Person Assurance?

If you are a small business owner, you need to think about Key Person Insurance. In fact, it may well be a better and more useful insurance option for you than income protection insurance.

Key Person Insurance is ideal for small businesses who have one or two staff who are key revenue generators, or whose work is vital to fulfilling contracts and keeping the business running. Their absence, whether by serious illness or injury, could have a devastating impact on a company’s financial wellbeing. Key Person Insurance ensures you are well protected, should this situation occur.

While income insurance is vital for those in paid employment, if you are a business owner, key person insurance may well be a better option.

Safeguard your business with key person protection and talk with an adviser now.

Contact My Insurance

An advocate in your corner

An advocate in your corner when you need it most.

Here at My Insurance, we provide a personalised one to one service in helping you find the insurance risk product. We’ll ensure you get all the options in plain language. We do the hard work for you in finding a competitive insurance product that’s right for you.

Our services are free and most importantly, if the day should come where you need to make a claim, we will be your advocate, your person in your corner to ensure an easy claim. We will be there when you need us most.

No fee to you, provided your cover stays in force for at least 2 years. Read our disclosure statement