What is Key Person Cover?
Key Person Cover protects your cash flow should an important or valuable member of your business be unable to work due to illness or accident. These funds will keep things running smoothly until your key person is back on board and this benefit can be used in any way your business needs. Key Person Cover is designed for established businesses that have been in operation for over three years. A key person could be a manager whose skills are invaluable to the running of your business. Should they be unable to work, the benefit can be paid to your business to replace their financial impact on the business or so that you may hire a replacement.
Newly self-employed (New to business)
If your business is less than three years old you can also apply for the Key Person Cover as a new business with a reduced benefit level.
VIEW OUR FACT SHEETS FOR MORE INFORMATION:
FIDELITY LIFE
KEY PERSON
PARTNERS LIFE KEY PERSON
AIA BUSINESS INSURANCE
FIDELITY BUSINESS EXPENSES COVER