Key Person Credit Protection

Key personnel are essential to the success of a business, and the loss of key personnel can severely impact an organization. It is essential to ensure that these individuals stay in place or that the company is reimbursed for their unanticipated loss or departure.

A key person is likely to possess some exceptional skills, knowledge or technical ability, the loss of which may severely impact the company’s performance for existing clients and reduce their ability to attract new clients.

In the event that a crucial member of a team is suddenly unavailable, Key Person Protection pays a sum based on a reasonable prediction of the company's expected income, so as to keep the business on an even keel until that valued individual can return to work, or be replaced.