BUSINESS PROTECTION
Key Owner / Executive Cover
Protect your business from the financial impact of losing key people.
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Your Business Depends On Key People
What would happen to your business if a key director, founder, or specialist was suddenly unable to work? Key person insurance provides a financial safety net, covering lost profits, recruitment costs, and business continuity expenses. We also arrange directors & officers liability, shareholder protection, and relevant life policies that provide tax-efficient cover through your business.
What's Included
Key Person Insurance
Lump sum to cover lost profits, recruitment costs, and business disruption if a key person dies or is critically ill.
Directors & Officers
Personal liability cover for directors and officers for decisions made in their official capacity.
Shareholder Protection
Funding mechanism to buy out a deceased or critically ill shareholder's stake.
Relevant Life
Tax-efficient life cover arranged through the business, not subject to lifetime allowance or P11D.
Business Loan Protection
Cover to repay business loans and overdrafts if the key person guaranteeing them dies.
Succession Planning
Insurance solutions that support your business continuity and succession plans.
Why Protecting Key People Protects Your Business
Business Continuity
Key person insurance provides a lump sum that covers recruitment costs, revenue shortfall, and contract obligations during the critical transition period after losing a vital team member.
Shareholder & Partnership
Cross-option agreements funded by life cover ensure surviving shareholders can buy out a deceased partner's share — preventing the business from falling into the wrong hands.
D&O Liability
Directors' and officers' insurance protects personal assets when decisions are challenged by regulators, creditors, or shareholders. Without it, directors face unlimited personal liability.
How We Protect Your Leadership Team
1. Key Person Identification
We assess which individuals are critical to revenue, client relationships, and operations — then calculate the financial impact of their absence to determine appropriate cover levels.
2. Structure & Tax Planning
We structure policies for maximum tax efficiency — relevant life policies for directors, company-owned key person cover as a business expense, and shareholder protection within appropriate trusts.
3. Documentation & Review
We draft supporting documentation, coordinate with your solicitor on cross-option agreements, and review cover annually as your business grows and leadership responsibilities evolve.
Frequently Asked Questions
Typically 2-5 times the key person's annual contribution to profits, plus recruitment and training costs for a replacement.
HMRC may allow the premiums as a business expense if the policy meets certain criteria. We'll guide you through the tax position.
Key person pays the business if someone can't work. D&O protects directors personally against claims for their business decisions.
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Get the right cover for Key Owner / Executive Cover.
Tell us what you're protecting — your dedicated broker prepares a tailored quote and calls you back the same business day. No call centres, no queues, no scripts.
Independent broker · FCA authorised & regulated · 30+ years placing UK cover