Corporate Services
Keyman InsuranceMany businesses are heavily dependent on a few key employees for their profitability. If any of them are unable to work due to long term sickness or death the company’s profitability may be adversely affected in the following ways:
• Key accounts may be lost to a competitor
• A project may be forced to cease
• At worst, the business may be forced to close
Keyman insurance can protect your business against these threats. The level of cover is based on the expected loss of profitability to the company caused by the loss of the key employee.
Shareholder Protection
On the death of a shareholder you may find yourself in business with a member of the deceased shareholder's family. This person may be inappropriate for your business or have no knowledge or desire to continue running the company.
Shareholder protection insurance provides a lump sum to enable the surviving shareholders to acquire the shares of the deceased from his estate.
Employers
Employers may wish to consider the following benefits for their employees to promote staff loyalty:
• Group Life Assurance
• Group Critical Illness protection
• Group Income Protection
• Group Pension Arrangement
• Group Medical Insurance
