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Key Man Business Cover UK

Key Man Insurance is a form of life insurance, and gives financial protection to a business against the death or long-term absence of an employee or anyone deemed vital to the success of the business. If you have a person in your business whose specialist skills cannot be easily replaced then Key Man Insurance is essential. The loss of such a person could prove detrimental to your business, but this business cover will provide you with a monetary sum to replace any lost revenue. In short, Key Man Insurance is an insurance policy taken out by a business on the life of a ‘key’ employee.

With this insurance policy in place, you need never worry about a loss of profits should a key employee need to be replaced. The policy does not cover actual losses incurred but rather compensates with a fixed monetary sum which is noted on the policy itself.

Do you need help and advice regarding Key Man Insurance cover for your business? Avenue Financial Services can offer all the help and advice your business might need. As experienced mortgage and protection advisers we will listen carefully to your wishes and requests while taking into account both your current business situation and your future business goals, building insurance protection to fit around you.


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