Key Person Insurance
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Key Person insurance pays out a lump sum to the business if someone critical to its operation dies or becomes unable to work through serious illness. That might be a founder, a lead developer, a top salesperson, or anyone whose absence would leave a significant gap in revenue or capability. The payout gives the business time and money to adapt without financial pressure making everything harder. Investors and lenders increasingly ask for Key Person cover as a condition of funding. If you're raising or planning to raise, it's worth having this in place before the conversation starts.
What This Covers
A lump sum payout on the death of a key individual- Payouts on diagnosis of a serious illness where included
- Cover for founders, directors, and other business-critical individuals
- Funds to cover recruitment, lost revenue, or loan repayment
What This
Does NOT Cover
Pre-existing conditions depending on underwriting terms- Voluntary resignation or redundancy
- Individuals not named on the policy
- Claims outside the policy's specified conditions
Who
Needs This Insurance
Any business where one or two people are central to its success
Founder-led businesses where the founder is the product
Companies preparing to raise investment or secure lending
Businesses with key client relationships tied to specific individuals
Who Needs This Insurance
Ready to
get covered?
Get a quote for Key Person Insurance built around the people your business depends on.
