Protecting Your Business
We can help make sure that protection is in place to ensure the continued smooth running of your business, in the event that a key worker – whether a front-line member of staff or a director – is unable to work due to injury or ill health.
People matter
Every business has key workers, without whom, the smooth running of your business is put at risk. Small and medium businesses can be particularly affected by the loss of a member of staff, but the right key person insurance can protect your business if they are diagnosed with a terminal illness or pass away.
Having key person insurance means the plan pays out a lump sum which could be used to find a replacement member of staff, to cover any loss in revenue or in extreme circumstances, help keep the business trading.
Who benefits from business insurance?
In short, everyone. Key workers might have specialist knowledge or technical skills which are invaluable to the business. They might be a director or manager who has an important leadership role which is vital to the daily running of the business and without whom your customers might have concerns about the ongoing work of the organisation. Moving swiftly to let your customers know that it is ‘business as usual’ is highly reassuring, in any industry.
We can also help you establish a life and critical insurance policy for all your employees – often cited as one of the top benefits sought by employees. Offering this type of benefit as part of their employment may help you to secure the best people to your workforce, as well as aiding staff retention.
Please call us to discuss what types of insurance might be best suited to you, your business and your employees.