Category: Business. Title: Keyman Insurance Quotes for business owners.

Keyman Insurance Quotes for business owners

Keyman Insurance is vital for businesses with key workers that contribute greatly to the profitability of their company.

Best4UInsurance offers Keyman Insurance Quotes for the important people in your business.

If the key worker dies or becomes critically ill then the company will suffer badly or even go out of business?

The company should have a Keyman/woman policy that would pay a lump sum to the company in the event of death or Critical Illness of their Key employees. This would give them capital to replace Key man/woman or fund the company whilst they are recovering.


Typical Scenario - contract director, age 30, has fatal car accident. company need to quickly replace him as he was bringing in sales of £30,000 per month. (if it took 6 months to find replacement, that is a loss of £180,000 of sales, could this company survive this?, in the example below they would have recieved £200,000 to cover this eventuality, similarly a heart attack could prevent him from working for 6 months, again this would cover the loss)

Typical Example - Contracts Director, age 30, non smoker, Company needs to insure him for £200,000 payable on Death or Critical Illness.

COST £7.60 per week (Renewable every 5 years)

Date written: Thu, 11 Feb 2010 15:57:57 +0100

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Keyman Insurance Quotes for business owners
Keyman Insurance is vital for businesses with key workers that contribute greatly to the profitability of their company.