Key person protection
Explore a financial buffer for the business if a key person dies or, where included, suffers a specified critical illness. The right amount depends on the potential financial impact.
For owners, directors and employers
A business can depend on a few people for its income, expertise and direction. Start with what would happen if one of them died or became seriously ill, then explore cover that fits the risk.
Discuss your business with Steven ↗
Initial conversation at no cost · No pressure to proceed
Start with the purpose
Explore a financial buffer for the business if a key person dies or, where included, suffers a specified critical illness. The right amount depends on the potential financial impact.
Consider how surviving owners could fund the purchase of a shareholder’s interest. Insurance needs to work alongside appropriate legal agreements.
Employer-funded life cover for an eligible employee or director. A valid claim is intended to benefit the family or financial dependants, rather than the business.
The first conversation
We will discuss your business structure, ownership, key responsibilities, existing cover and the commitments you want to protect. From there, we can explore the type of cover, amount, term and budget that may be appropriate.
Your accountant or solicitor may need to advise on tax, ownership, trusts and agreements. MOVA does not provide legal or tax advice.
Cover is subject to underwriting, policy terms and exclusions. Critical illness cover pays only for conditions that meet the policy definition; it does not cover every illness. A policy does not replace a succession plan or guarantee that a business can continue trading.
These types of cover have different purposes and beneficiaries. We will help you separate the risks so the ownership and intended use of each policy are clear.
Tax treatment depends on the policy structure, purpose and circumstances, and rules can change. Your accountant should confirm the treatment before cover is arranged.
A clear next step
Tell Steven a little about the business, the people involved and what you would like to protect.
Professional connections
Company details