Losing a key member of your business through death, terminal illness or permanent disability can have a damaging impact on your profitability. Lost sales, reduced profits, and extra recruitment costs are just some of the potential problems. There may be business succession costs too.

To protect your business, and to provide funds at a critical time, our senior consultants can help you to arrange key person insurance - often called key man insurance. The lump sum can be used to:

• Replace lost income
• Recruit and train a successor
• Buy a business partner's or shareholder's stake in the business
• Pay off outstanding business liabilities
• Supplement salary payments

Benefits can be made available quickly through a simple, yet effective, trust option, so that you have funds when you need them. Key person insurance can include key partnership and shareholder protection.