Key Man Insurance


Protect yourself against the financial damage that can occur from losing a vital member of staff.

Key man cover, also referred to as key person cover, is designed to provide financial protection to a business against the death or long term absence of an employee or director who is key to the success of the business.

Many businesses find that certain key individuals are responsible for a large part of their profits. Losing one of them can have a serious impact on the health of the business. Viva Protect can help you keep the impact of their absence to a minimum.

Advantages of Key Man Insurance;
  • It enables the Company to Repay any Loans taken out by the Key person
  • Allows remaining Partners or Shareholders to purchase the absent key person’s share
  • Replacement and Protection of lost profits incurred through absence of the Key person
  • It helps with Recruitment and Training costs for Replacement personnel
  • It allows you to meet ongoing expenses whilst business sales recover
  • It facilitates payment for outside consultants or expert advice in restructuring
  • Provides confidence in staff, customers and investors that you are prepared in all instances

Speak with us today to help keep your business on the right track.

How it works

Key Person Protection is a life assurance or life assurance and critical illness cover policy taken out to cover the life of a key person within your business. The policy is owned and paid for by the employer, so any pay-out is payable to the employer.

If you or your staff are key to the success of the, it’s time to look at protecting what you work hard for.

Looking for cover?

We have a range of options to help you protect your family’s future. There is no cash-in value at any time.

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How much cover will you need?