Key Person Protection

Small or medium-sized businesses often have one or two key people that can put the company at risk if they’re out of action. Key Person Cover pays for the cost of replacing a key member of staff for up to 12 months if they are unable to work due to illness or injury.

Generally the value of the business is derived from these key person, and quite often in New Zealand it is the owner.

By protecting these revenue streams your business becomes fundamentally more robust and potentially will allow the business to survive in the event of a short or medium term loss of key personnel.