Key Person Insurance

Could your business continue if something happened to either you as the business owner or perhaps a key member of your team? Key Person Insurance or Shareholder Protection are just two options to consider when reviewing your business insurances.

As a business owner, you do everything you can to make your business a success. You may consider the right premises, machinery or tools and computer systems to be the most important factors. You may have covered the tangible assets of your business, but have you protected yourself, or those key individuals who may contribute heavily to profits?

What Does Key Person Insurance Cover?

Key Person Insurance

Insurance against the loss of profits that could result from the critical illness or death of a key person, by paying out a cash sum so that the business can continue trading.

Shareholder Protection

Insurance which gives the owners of the business a cash sum to buy the shares of a co-owner who becomes critically ill or dies.

Business Loan Protection

A policy providing a decreasing sum assured in line with a decreasing loan using a fixed interest rate.

Life Assurance and/or Critical Illness

Choosing the most appropriate cover to protect your business from the risks of something happening to your key staff.

The plan will have no cash in value at any time and will cease at the end of the term. If premiums are not maintained, then cover will lapse. 
The policy may not cover all the definitions of a critical illness. For definitions please refer to the key features and policy document.

Key Person & Shareholder Protection Questions

A key person is an individual who is vital to the success of a business. The loss of a key person’s specialist skills or expertise could severely impact the business. It could be the business owner, director, sales person or any employee who would be difficult and costly to replace. Key Person cover is sometimes referred to as key man insurance.


There are various options to choose from and the amount and type of financial protection you’ll need will depend on your individual and business circumstances.

FOCUS can provide you with guidance on the options available and help you arrange the most appropriate protection solutions to protect the future of your business if the worst happens.

Key Person Insurance should form part of your overall commercial insurance package – and is just as important as insuring your premises and products.

Our approach is to address the risks to your business as a whole.

As your business grows and develops, your insurance needs will undoubtedly change. FOCUS will work with you to ensure that the exposure and risks faced by your business will be protected, leaving you with complete peace of mind.