Who’s the life and soul of your business? If you can name them, you probably need Key Person Insurance…
Most organisations employ at least one person who is critical to the future success of the enterprise - be it the original founder, a rainmaker, shareholder or some other “Key Person” with a particular skill or expertise. Key Person insurance protects you against the financial consequences of losing key staff members.
Issues to ponder….
If you answered YES to any of the above, you may have a business protection need. You insure the business itself, but without certain employees the business may not be able to continue in the same way.
Key Person Assurance can provide a cash injection (either as a lump sum or as a flow of income) to the business if a key person dies or suffers a serious illness, allowing the business to continue trading at a time of considerable uncertainty and financial pressure.
What is Key Person Insurance? It can include…
|£ per year||Age*||Providing £ life cover||Number of years of cover|
* based on a fit & healthy person
Already have protection in place? Great, but when was this last reviewed..?
Both your business and the economic situation have probably changed significantly in the past couple of years, meaning that the protection you put in place may now not reflect your business going forward.
Contact Henry Metcalf for more information: [email protected] or 01223 200674.
You can call us to talk more about your business on +1 646 665 7737
Specialist & Independent
Our in-depth understanding of the unique risk exposures in the art world means we speak your language - and we can save you time and hassle in the event of a claim. Our expertise is backed up with efficient and highly personal service and our wealth of experience spans over 50 years.
Whatever your specialism, we’ll take a creative and innovative approach to structuring your Fine Arts insurance programme and select for you an insurer who demonstrates understanding and experience of your field. We’ll support you with great advice - helping you manage your risks and make good decisions to protect your organization or collection.
At La Playa, we’re passionate about the arts and creative industries – many of us are practitioners and active consumers; in fact, La Playa founded the first ever corporate art collective.
Advice You Can Trust
…from an expert who understands you