A benefit paid to the business when the person it depends on is lost — and the obligations that loss triggers.
A benefit paid to the business on the death of the insured person, or disability where included.
Cash to cover the trading gap while the business absorbs the loss.
The cost of finding and settling in a replacement for a specialist role.
Where a lender has required cover as a condition of borrowing.
The money that lets remaining owners buy out a deceased partner’s share cleanly.
Cover that satisfies the key-person clause in a funding agreement.
Wherever the business depends on a person more than a process, the exposure is already on the balance sheet.
Revenue, relationships and know-how concentrated in one chair.
Lenders routinely require key person cover on owners as a loan condition.
A buy-sell agreement without funding is a plan without money.
When one person originates most of the revenue, that person is the balance sheet.
Some knowledge takes years to replace at any price.
Investors ask for it for the same reason lenders do.
The hard part is not the policy, it is the amount. Cover should be sized against a defensible figure — lost gross profit, outstanding loans, replacement cost — and we would rather work that number out with you than guess it.
The business — it owns the policy, pays the premium and receives the benefit. Cover for the family is personal life insurance, a separate arrangement.
Anyone whose loss would materially hurt revenue, funding or operations — founders, rainmakers, technical leads. If the bank asked about them, they qualify.
A defensible figure — multiples of the person’s profit contribution, outstanding loans, or the cost of replacement — not a round number. We build the figure with you.
Carriers set the premium, not us. Pricing runs on age, health, role and the amount of cover. We shop your risk across A-rated markets — quotes free, no obligation.
No — resignation is a continuity problem, not an insured event. Cover responds to death, and disability where included.
Treatment varies with how the policy is structured and used — we flag the question for your accountant rather than answer it for them.
The contract that says what happens to an owner’s share when they die — and insurance is usually the only money guaranteed to arrive at the exact moment it is needed.
Disclosure is everything — non-disclosure is the most common reason claims fail. We place with carriers whose underwriting fits the person, honestly presented.
