Who’s the life and soul of your business? If you can name them, you probably need Key Person Insurance…
Most organisations employ at least one person who is critical to the future success of the enterprise - be it the original founder, a rainmaker, shareholder or some other “Key Person” with a particular skill or expertise. Key Person insurance protects you against the financial consequences of losing key staff members.
Issues to ponder….
Key Person Insurance provides a cash injection (either as a lump sum or as a flow of income) to your business if a key person dies or suffers a serious illness, allowing the business to continue trading at a time of considerable uncertainty and financial pressure.
Key person Insurance can cost as little as...
|40||5 Years||£ 250,000.00||Life Only||£14.59|
|40||5 Years||£ 250,000.00||Life or Critical Illness||£70.74|
|45||5 Years||£ 250,000.00||Life Only||£19.60|
|45||5 Years||£ 250,000.00||Life or Critical Illness||£104.58|
|45||5 Years||£ 500,000.00||Life Only||£35.74|
|45||5 Years||£ 500,000.00||Life or Critical Illness||£206.76|
|45||10 Years||£ 250,000.00||Life Only||£41.69|
|45||10 Years||£ 250,000.00||Life or Critical Illness||£248.53|
*based on a fit & healthy person
Among other things, Key Person Insurance can cover:
Already have protection in place? Great, but when was this last reviewed..?
Both your business and the economic situation have probably changed significantly in the past couple of years, meaning that the protection you put in place may now not reflect your business going forward.
Anna P, Festival
Specialist & Independent
The arts present a very specific set of risk exposures – and now your digital and online risks can expose you globally. We understand the risks and pressures you face - and we speak your language. We’ll support you with great advice - helping you make good decisions for your organisation.
Our exclusive portfolio policies can help streamline costs, and we’ll always help you stay ahead of the game in managing risk. The show must always go on - insurance isn’t just about processing a claim, it’s about thinking laterally to solve challenges and problems fast.
At La Playa, we’re passionate about the arts and creative industries – many of us are practitioners and active consumers; in fact, La Playa founded the first ever corporate art collective!
We also offer Business Protection (including Key Person Insurance) and Employee Benefits: a joined up approach with a team of advisers working for your best financial interests - all under one roof
Advice You Can Trust
…from an expert who understands you
Premiums start from £550 inclusive of IPT