In business, you can't predict the future
But we can help you plan for it.
Losing a key person could be disastrous for the survival of your business. Key Person cover provides a financial safety net if a key member of staff dies or is diagnosed with a serious illness*. The claim is paid as a lump sum to the company or partners, allowing breathing space to help keep the business trading as normal, replace lost profit or finding/hiring a replacement. *If critical illness cover is selected.
Relevant Life Insurance
What are the chances of illness or death affecting you?
If there are two partners, in their 40's, there’s a 49% chance that a least one of you becomes critically ill before you reach 65.
Statistically, if a business has five key people or shareholders in their early 40’s, there is a 39% chance one person will die before they reach 65.
(Old Mutual Wealth, Aegon & Zurich)
Is your business
53% of businesses think they would cease trading in under a year after the death or critical illness of a key person.
67% of new businesses think they would cease to trade immediately.
(Legal & General)
Why choose Essential? This is what our customers say...
“Protecting our business was quite a daunting process but Essential led us through the process brilliantly”.
W. Kerr, Oroson Limited
Read more customer reviews