Key Person Insurance

Protect your business against losing your key employees

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020 7543 2826
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What do we offer?

We can help you protect individuals in your business who play a critical role in its success. Key person insurance – also known as key person cover or key man insurance – covers against the core people within an organisation who, if lost, would cause financial loss for the business.

If the specified person dies or is diagnosed with a terminal illness, your key person insurance policy will pay out a cash lump sum that provides a buffer for your business, allowing it to recover – whether from lost income or loss of confidence.

We will offer advice and guidance on the amount and length of cover you need and help you find the right key person life insurance for your business.

Why do you need it?

Some employees are pivotal to the success of a business, from the skills they possess to the contacts they hold. So if they were to pass away or be diagnosed with a terminal or critical illness, your business could suffer financially – impacting long-term revenue and even contributing to your company failing.

And while some team members may seem irreplaceable, a key person insurance policy provides the financial support you need to enable you to get your business back on its feet and fill the gap your key employee left behind.

What will you get?
  • Key person cover that pays out a cash sum if the person insured dies, meets the insurer’s terminal illness criteria, or suffers a specified illness such as a stroke, cancer or heart attack*
  • A policy for each key person specified
  • A contract owned by the business, so the business pays the premium and receives any benefits from a claim
  • Peace of mind the loss of a key person won’t derail your organisation.

* if you’ve chosen additional Critical Illness Insurance

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Why choose us?

Give your employee benefits a boost

Find out how key person insurance can benefit your business as well as your team.
Give us a call
020 7543 2826
Use our key person calculator

All the resources you need

We believe in supporting every one of our clients as much as we can. Take a look at our resource hub, where you can find the latest industry insights and news, view key documents and listen to our library of podcasts.

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What do our clients say?

“Aston Lark provided an excellent service, they were very supportive and informative at a difficult time, which made the experience very positive.”

Aston Lark Employee Benefits client, via Feefo

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Use our Key Person Calculator to get an indicative quote