Get in touch
Thanks for getting in touch
Key Person Insurance helps if an essential employee is ill or dies
Key Person Insurance won’t do the job of your vital staff member, should they fall sick or die, but the money will help the business to buy in consultancy cover or offset a loss in profits at a difficult time for your company.
At the outset, we work out the impact on productivity – and therefore profit – should the relevant employee fall ill or die, and cover for that amount.
How we work
We will sit down with you to understand your business and how best to protect its ongoing viability and success. We will explain the complete range of options available to you, detailing the pros and cons of every product. The benefit to you is that we can offer every product on the market.
Many brokers will claim to offer ‘whole of market,’ but that may just mean that they offer every kind of product, but that they are all from the same insurer. Independent means that we can offer every kind of product from every insurer.
Benefits
- A single point of contact at all times
- Advice from as early in the process as you need
- Access beyond us to over 30 experienced advisors for the more obscure questions
- Access to every type of product from every insurer – we are truly independent
- By your side all the way
- Annual reviews at the very least
Why choose us
Sometimes it seems that there are almost as many financial advisors as there are financial products. Why should you choose us. We think there are many reasons of course, but among the most important are the following:
- We are truly independent and can access the whole of the market.
- We are advisers, not salespeople.
- We are transparent in our costs and fees.
- Our extraordinarily high rate of returning customers shows that people enjoy dealing with us.
This last is perhaps the most important. The proof of the pudding is in the eating. If we did not give our customers great service, they simply would not return.
Your personal and corporate protection specialist
Coran Stubbington
Coran worked as a bank manager for 20 years, on the South Coast and in London. She was made redundant in 2019, moved into the world of Business Development Management, joining Protection and investment in 2023. She is delighted to return to her roots to selling financial services, which is something she has done for 27 years. She specialises in protection, especially for business owners and teams, helping owners protect the business, themselves, their family and their staff. She has teenage twins – a boy and a girl – and a dog called Branston. She loves hosting events.
"Lorem ipsum dolor sit met, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna a liqua. Ut enim ad minim venom, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea comido consequat. Luis aute irure dolor in reprehenderit in voluptate velit esse cillim dolore eu fuggita nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit animé id est labour."
Joe Bloggs, Managing Director
FAQs
Who counts as a "key person"?
Generally, key people are founders and CEOs, top salespeople and technical experts.
What does the payout cover?
The payout can cover recruitment costs – fees to source and train a high-level replacement, profit protection – offsetting lost revenue during operational disruptions, and debt stability – repaying business loans that rely on the individual.
How is the coverage amount calculated?
It is calculated either as Salary Multiple at up to 10 times the person’s salary, Net Profit Multiple at up to 5 times their specific profit contribution, or Gross Profit Multiple at up to 2 times their gross profit contribution.
How is the policy taxed?
Premiums are generally not tax-deductible if meant to replace lost profits. Payouts are usually treated as a taxable trading receipt by HMRC. For Loan Cover Exception, premiums are not deductible, but the payout is tax-free.
Let’s talk about your financial goals
For a detailed, confidential and without-obligation discussion, please get in touch.
Get in touch