Key Person Protection
Companies readily take out insurance on their physical assets such as business premises, plant and machinery, computer equipment and vehicles. They do this so they can afford to replace those assets and ultimately to minimise any business disruption which could lead to a loss of profits.
However, companies often overlook the fact that a significant factor in the success of any business is in its employees. Most companies will know which employees are vital to its success, consideration should therefore be given to the financial impact on the business if a key employee were to die or become critically ill.
Key person insurance provides a business with the funds necessary to replace lost profits and aid the recruit and training of staff so that a business can continue trading if a key person dies or becomes critically ill.
As a business owner are you aware of the Key Individuals in your business and what they bring to your business. How would the business cope if a key person died tomorrow or suffered a critical illness.
At Riviera Mortgages our advisers can help you through the complex maze of rules and regulations surrounding Business Protection, providing you with the professional expert advice you need to soundly protect your business.
Contact us
Address
26 Walnut Road
Chelston
Torquay
TQ2 6HS
Call Us
01803 500190
Email Us
enquiries@rivieramortgages.co.uk