Keyman Insurance

What is Keyman Insurance designed for?

To compensate your company when a key employee dies or becomes seriously ill.

A recent study carried out by an industry expert concluded that 72% of businesses ceased trading within 5 years of the death of the founder of the business.

Why should you take Keyman Insurance out?

It helps you minimise the financial impact of losing a key employee

Benefits of Keyman Insurance for Your Company

• If the employee dies a cash lump sum is paid to help maintain your business.
• Can help your company to minimise interruption to its business activity.
• Can help your company with bank loans where the key employee gave a personal guarantee.
• Can help your company pay off loans made to the company by the key employee.
• Can help provide resources to your company to find a suitable replacement.

Wexford Financial Services Ltd. will advise you of:

• The type of cover you need.
• The length of time you need it for.
• The amount of cover you need.
• The most competitive premium in the marketplace.