Keyman Insurance

Keyman Insurance financially protects the company in the event of a death of a Key Director or Employee.

The following questions will assist you in establishing whether Keyman Protection is relevant to your business:

  1. Does your company have any bank loans outstanding for which a director or shareholder has given a personal guarantee?
  2. Does your company have any Directors Loans, which would be repayable on demand to the director’s estate on death?
  3. Does your company have any key employees or directors on whom the company depends financially for their particular expertise and/or contacts?

If you answer Yes to any of the above, then you need to consider insuring the Key Person.

DHKN Life & Wealth provide a specialist service in the area of Keyman Insurance. Failure to structure this cover correctly could result in taxation problems in the event of a claim