Key Person Insurance

Keep your business on track when you lose a star performer

What if your MD had a heart attack or your top salesperson was diagnosed with cancer? How much would it cost to replace them? Could customer confidence be shaken? And how would your bank react? With Key Person Insurance you can minimise the impact of losing someone who plays a pivotal role in the success of your business.

What is Key Person Insurance?

Losing a key person can have a dramatic effect on the day-to-day running of your business. It can also reduce profitability through the loss of goodwill, specialist skills and knowledge, financial backing and expansion opportunities.

To help you maintain the value of your company and confidence in the business, Key Person Insurance can cover the cost to recruit and train a replacement, repay bank loans, ward off a takeover, pay for temporary staff and inject capital when morale is low.

You can take out Key Person Insurance for anyone who contributes to the profitability of your business. And you have a range of cover options, including death, terminal illness, permanent disability and critical illness.

Why you should consider Key Person Insurance

  • Key Person Insurance protects a company’s biggest assets – its star performers.
  • Everyone insures their business against risks such as fire and flooding. But the chances of someone suffering from a heart attack or cancer before they reach retirement age are much greater than the chances of a business burning down.
  • Many venture capitalists insist that Key Person Insurance is in place before they invest in the company.
  • Losing a key person can make banks nervous – and may prompt them to freeze or call in existing loans.

Specialist Key Person Insurance

At Macbeth we specialise in corporate policies like Key Person Insurance (also known as Key Employee Insurance). Our approach is simple, combining an honest assessment of your requirements with a clear explanation of all the options available to you. As an Independent Financial Adviser, we have access to the entire insurance market – so we can find the best overall Key Person Insurance solution that gives you the cover you need at the most competitive price.

“Thanks to Macbeth for your help in organising our Key Person covers. You made the process considerably easier with your knowledge, approach and patience!”

Lorena Hooper
Haslams Chartered Surveyors






Macbeth Financial Services Ltd is an Appointed Representative of 2plan wealth management Ltd. 2plan wealth management Ltd is authorised and regulated by the Financial Conduct Authority. It is entered on the Financial Services Register ( under reference 461598  |  Registered in England & Wales No. 8542176  |  Registered Office: 4 Commerce Park, Brunel Road, Theale, Reading, Berkshire, RG7 4AB

Get in touch:   Reading: 0118 916 5480   London: 020 7036 8767