Key man insurance is a cover that management in any business should consider, but for small to medium-sized companies it is particularly important.

Looking after number one and two, and three

Any organisation that is heavily reliant on the particular skills or contacts of a few key individuals is exposing themselves to an inherent risk and hence a potential disaster.
Keyman protection provides organisations with a bespoke solution for laying plans to mitigate the financial impact due to loss of income and the costs of re-establishing the company's position should the keyman die or become disabled.

The reality of any business is that the show must go on if one of the key players is injured or killed, but key man insurance can help soften the financial blow. If a company loses one of its main people and the clients take their business elsewhere, the partnership will suffer a partial dip in revenue. Key man insurance can help the company through the interim period until a new partner gets to grip with the client base.