BUSINESS CLIENTS · LEADERSHIP
Losing a key person suddenly is an underestimated business risk.
Free first consultation →The problem
In many companies a single person carries substantial responsibility, whether a founder, a sales director or a specialist. If illness, an accident or death takes them out, the cost of replacing them, training a successor and the orders lost in between quickly runs into six figures.
Our solution
Key person insurance pays an agreed sum to the company when a claim arises, to bridge the gap, to fund a replacement or to make up lost earnings. We design the arrangement around your key person and what their role is worth to the business.
Book an appointment →The hard facts
2–4 × annual salary
is the usual guide for the sum insured on a key person.
6–12 months
is a realistic time to find and train a qualified replacement.
The company is the beneficiary
The payout goes to the company, not to the individual.
Death & serious illness
applies on death, serious illness or long-term absence.
Worth knowing
The payout goes directly to the company, not to the key person or their family.
Two to four times the key person's annual salary is the usual guide, depending on how much the business depends on them.
Finding and training a qualified replacement often takes six to twelve months, and the policy bridges that gap.
Investors frequently require key person cover for the founders on the team.
37+ years
in the market
100%
independent advice
DEWE
Certified partner of Deutscher Wertschutz e.V.
Why it matters
The risk for smaller firms
The smaller the company, the more it depends on individuals, and losing one hits immediately.
Stay able to act
The payout bridges lost revenue and funds a replacement and their training.
Often required by investors
US term sheets frequently require key person cover for the founding team.
A free first consultation, in person, by phone or by video. You then decide how to proceed.
Book an appointment →