Key Person Protection

Financial Protection for your business if a key individual dies or suffers a critical illness. For instance, think about a removals business where just one person is qualified to drive a particular vehicle. If that person dies or is diagnosed with a critical illness and there's no business protection in place... what happens next? How many customers would be let down? Who would pay for a replacement driver? Could the business carry on?

  • Key Person Protection is designed to inject cash into a business if a Key Person dies or is diagnosed with a specified critical illness (where that option is chosen).
  • You can choose the level of life cover and plan term you want.
  • Critical Illness option.
  • Protection against loss of profits, contracts, meeting loan repayments or key skills.
  • Cover available for Private Limited Companies, Limited Liability Partnerships, Partnerships and Sole Traders.
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Any insurance which is based on an assessment of the health of the applicant is unlikely to cover previous or existing medical conditions. However, here at NJL Consultancy we offer expert advice to help ensure you have the right type and level of cover, and help you to understand the policy documentation as to what and what is not included.