Key person insurance is an important form of business insurance. There is no legal definition for 'key person insurance'. In general, it can be described as an insurance policy taken out by a business to protect that business for potential financial losses that could arise from the death or extended incapacity of an important member of the business specified on the policy.
Pensions & Investments
We no longer provide advice to new or existing clients but we do refer all enquiries to an appropriately qualified Quilter Financial Planning adviser.
More InfoBusiness Protection
Business protection is all about insuring for the unexpected. It's a way of protecting your business if something goes wrong.
The Financial Conduct Authority do not regulate on tax planning, estate planning and inheritance tax planning.
One of the great risks of a business partnership is that one of the partners may die or suffer a specified critical illness, with his or her share of the business passing to their beneficiaries. The safety net is a pre-arranged scheme to ensure the surviving partners have enough funds to buy out the departed partner's interest in the business.
In the interests of financial security, business stability, and continuity - particularly for private limited companies where there may only be a small number of principal shareholders - it is important to provide a safety net following the loss of a shareholder
General Insurance
Whole of market insurance advice is provided to protect your home, or organisational assets and people.
More InfoPersonal Insurance
Whole of market advice is provided on protecting your lifestyle or your dependents, if you become too unwell to work, and protecting your beneficiaries if you die prematurely.
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