Key Man Insurance
Key man insurance, or key person protection insurance could shield your business from financial and operational risk following death or incapacitation of your “mission critical” employees. Fatgreen, based near Leeds, provide no-obligation consultations for businesses throughout the UK.
Andrew Carnegie said, “Men and women, not machines, are the real source of profits in any business”. Our prior experience in Recruitment and Executive Search taught us that without employees, you have no business.
Given the importance of employees, can you justify not protecting your business by insuring your most important assets?
No Obligation Consultation
Who areKey Persons?
Most companies rely on a cohort of “mission-critical” staff key to business success. “Mission Critical” key persons often have specialist industry knowledge or assume leadership roles.
Key persons often assume C-Suite leadership roles including:
- Chairman
- CEO / Managing Director
- CFO / Finance Director
- COO / Chief Operating Officer
- CMO / Chief Medical Office
- CTO / Chief Technology Officer
- CMO / Marketing and Sales Director
Key persons product specific functions in companies including:
- Hi-Tech
- Digital
- Pharmaceuticals
- Advanced Manufacturing
- Logistics
- Professional Services
Does my business need Key Person Insurance?
Loss of a key person regularly impacts company operations and financial stability which jeopardise your business’s future.
Risk is especially prominent for companies reliant on staff with specialist knowledge who are scarce, costly and challenging to replace.
Revenue and operations may be affected until a replacement is secured, resulting in financial disruption, stagnation, or business failure.
For businesses backed by Private Equity investment, loss of a key person can erode company valuations and devalue associated investments. Unless you take control of this predicament, a challenging situation can escalate into a crisis straining the relationship between you and your investor.
Key Man protection is designed to help you manage such situations.
No Obligation Consultation
Benefit of Key Man Insurance
Following the loss of a Key Person, key man business insurance provides capital following a successful claim.
Capital helps stabilise finances, operations and fund a replacement. Optically, management appears in control, appeasing staff, suppliers and clients whilst increasing the probability of a successful future for your business.
Fatgreen recommends arranging Key Person protection as:
- Level cover: premiums are fixed helping you to manage future cash-flow and costs.
- Increasing cover: premiums reflect the RPI, ensuring your future payment is protected against inflation.
Stabilising operations and financing a replacement is often the difference between future business success or failure.
No Obligation Consultation
Have You Considered Adding Critical Illness?
If you or a partner, shareholder or Key Person suffered a heart attack, stroke or cancer and survived, but required an extended period of sick leave, they and your business could benefit from Critical Illness.
Following diagnosis and successful claim, Critical Illness cover would pay a cash lump sum to the policy holder helping alleviate any undue financial pressure.
Your No Obligation Consultation
Should you wish to learn how Key Man / Key Person Insurance can benefit your company, please:
- Complete the short form below
- Email us at protect@fatgreen.co.uk
- Call on 0333 050 0088
We look forward to hearing from you.
No Obligation Consultation
