Key Person

Key Person Insurance

Directors and employees with highly specialist skills or knowledge are key employees of the companies they work for. To lose one as a result of a critical illness or death can be damaging to the business. That is why taking out Key Person insurance to protect the company is a wise move.

Key Person insurances can provide several benefits. These can include:

  1. Paying the costs of a temporary replacement
  2. Meeting the costs of recruiting a permanent replacement
  3. Covering the cost of death or incapacity of a key member of staff.

The full scope of cover will depend on the type of policy purchased but companies ignore the risks of losing key staff at their peril. Shareholders, bank managers, suppliers and customers may not be so laid back.

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Where we are

6b St Nicholas Road, Barry, Vale of Glamorgan, CF62 6QW

IF PREMIUMS ARE NOT MAINTAINED, THEN COVER WILL LAPSE.

THE POLICY MAY NOT COVER ALL THE DEFINITIONS OF A CRITICAL ILLNESS. FOR DEFINITIONS PLEASE REFER TO THE KEY FEATURES AND POLICY DOCUMENT.

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Romilly Park Wealth Management is a trading name of Fairstone Financial Management Limited.

Fairstone Financial Management Ltd is authorised and regulated by the Financial Conduct Authority (FRN 475973).

Registered in England and Wales (Company Number 05574120).

The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK. Auto-Enrolments, Advice on Cash Held on Deposit, Some Buy to Let Mortgages, Employee Benefits, Trusts, NEST, Commercial Mortgages and Risk Management are not regulated by the Financial Conduct Authority.

 

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