Key Person Cover
Smooth out the financial impact of losing an employee your business relies on
While businesses are dependent on all their employees for success, there is often a few select individuals that are heavily relied on for the businesses continued viability, revenue and capital value.
Key Person Cover aims to mitigate the risk of falling revenue and capital value, in the event one of your Key Persons is unable to work through death, disability or severe illness.
Replacing a key employee in your business is not easy and the impact of losing a high calibre team member can have a detrimental impact on your cash flow.
This insurance cover is designed to ensure your business maintains cash flow through a lump sum payment, keeping the business viable through a transitional period when a key employee exits the business due to death, disability or severe illness.
Discuss your options with a Knightcorp Financial Adviser and find the right protection for your business.