Key Person Protection or insurance is often known as business disability insurance. It is a very significant policy that covers your business in case you need to replace a key employee or member of your company for a substantial period due to their inability to work.

There can be various reasons for this including sickness, death or injury.

Although, not every staff member could be referred to as a key person. A key employee is someone with significant involvement within the business and has the authority to make critical decisions.

Considering small businesses, a key person could be the owner, manager or founder of the business.

One of the major aspects of a key person is that your business would suffer major trouble if they are unable to work within the firm.

What happens when you get key person protection insurance?

Well, this insurance policy would provide financial monthly support until the situation is resolved.

Not only that but the business can also ask for a lump sum in order to meet debts and pay money to the investors if the business ends up closing.

At Halo Advisers, we help to explore the various Key Person Protection options and provide you with the most appropriate policy.

We do the research to find the right insurance provider giving the benefits that are right for your business.

Have any Questions? Call us Today: 0211835835