Keyperson Insurance

A Keyperson is anyone who the company depends on for its continued success, such as a Finance Director, or IT specialist. They may or may not be shareholders. The loss of their specialised skills, contacts or reputation must have detrimental impact to your business.

Keyperson Insurance is a Life Cover that is arranged by the Company on the life of the key employee. The company will receive a lump sum payment on the death of the insured and this can be used for things such as recruiting and training a suitable replacement, paying off outstanding loans and protecting the company against loss of profit.

Compass Private Wealth have agencies with all the main Insurance Companies who provide Keyperson Insurance Cover and can arrange the most suitable Sum Assured and Provider for our clients.