Key person cover is a company-owned insurance policy taken out to protect the company from the illness, injury or death of someone who is key to its success.
That may be the owner or owners, or it may be a key employee. For example, a skilled cabinetmaker may be key to a bespoke furniture company or a computer programmer may be indispensable to a business that has been streamlined by custom-built software.
Benefits of having Key Person cover:
2. Meet liabilities
I am an Independent Financial and Mortgage Adviser and have worked in Financial Services for over 12 years. During my career I gained experience in assisting both individual and corporate clients.…
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