Get a key person insurance policy from Compendium.
Every entrepreneur and business owner knows the value of employing hard-working, motivated and reliable employees. You surround yourself with the best people! However, their loss can seriously hurt your company, so shield against financial disaster by covering your pivotal staff and money-spinners (director, project manager, sales head etc.) with key person insurance.
Developed and shaped to your needs in consultation with our brokers, key person insurance provides a lump sum pay-out to your company should your identified “key person” die, or be incapacitated for an extended period. Policy proceeds allow you to find or skill-up a replacement; or, in a worst case scenario, wind up the business with minimised financial hassle.
You may also be interested in one of our sister assurance products for employers – like buy and sell insurance – so get in touch right now.