Who needs keyman insurance?
Keyman insurance benefits businesses that rely heavily on specific individuals for their success. This includes small businesses, partnerships, and large corporations where a key employee, owner, or executive plays a crucial role in revenue generation, strategic decision-making, or maintaining client relationships.
Companies with key individuals who provide specialised skills, hold financial guarantees or contribute significantly to the business’s operations should consider this insurance. It helps protect against financial loss, ensures business continuity, and provides funds to cover expenses such as recruitment, lost income, or outstanding debts.
