Protect your business and important employees with key person insuranceIn the UK, 99% of businesses are small to medium enterprises1. And many rely on a few key employees. That’s where key person cover comes in. It protects your business if they are diagnosed with a terminal illness or passes away. Having key person insurance means the plan pays out a lump sum to cover any loss in revenue. It’s essentially key person income protection, and it doubles up as an employee benefit too. Your business is protected and they get benefit from our partners. If they stay healthy, they’ll be rewarded.
Not sure if your business is at risk? Use our digital tool to calculate the chance of at least one of your employees passing away. Add the age and sex of your employees for results - it takes just two minutes.
1UK Parliament Business Statistics 2021
Optimiser your key person insurance with these add-ons
If you add this option, you could get 30% lower premiums. This depends on employee age and their length of term.
• Vitality Plus
If your monthly premium goes above £45 and you have Optimiser, you can add this for just £4.75 a month per employee. It gives them access to our full range of partners.
• Disability cover
This pays out a lump sum if the person insured is diagnosed with an illness or becomes disabled because of an accident.
Your business protection options
Business loan protection
Business loan protection protects your finances if a company director suffers a terminal illness or dies.
Shareholder protection insurance is there to protect you if a director suffers a terminal illness or dies.
Relevant life insurance
Relevant life insurance provides a great tax efficient death in service benefit with up to 50% off tax.