Key Person Insurance

This type of insurance covers the business in case they lose the key person (e.g. executive, business partner) specified in the policy due to an illness, injury, or death. The benefit payment may then be used by the business for things such as hiring a replacement for the key person on a temporary or permanent basis, paying debts and severance pay to employees as well as distributing funds to investors in case of bankruptcy due to the loss of the key person, or purchasing the key person's shares from their family in case of their death.

Key Person Insurance Articles & Guides

Enquire about Business Insurance

Important Information

Not all providers in the market are included in the comparison.

Any information or advice contained on this website is general in nature and has been prepared without taking into account your objectives, financial situation or needs.