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Many businesses find that certain key individuals are responsible for a large part of their profits. Losing one of them can have a serious impact on the health of the business. With VitalityLife’s Key Person Cover, you can keep the impact of their absence to a minimum. If the key person were to die or suffer from a severe illness, the policy pays a lump sum to make up for any loss in revenue or profits, helping to keep the business on track.
Key Person Cover is designed to protect the profits of small and medium size companies in the event of death or severe illness of one or more of the company’s key employees.
A key person is an employee whose death or severe illness would cause a serious loss of income or profit your business. Employees of all types, particularly those with specialist knowledge or skills, can be key people.
When calculating the extent of any business continuation cover required, you need to consider:
Call 03339204711 03334149323 to talk to a business adviser today.
Request a call backLines open:
8am – 8pm Monday to Friday
9am – 5pm Saturday and Sunday
Calls may be recorded
Our Business Risk Calculator can help you calculate the probability of one of your key employees dying before retirement age.
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