Key Person Cover
If you have an employee with particular skills and attributes - which are key to your business - Key Person Cover may be relevant. This will provide the company with funds with which to replace that key individual if premature death or incapacity should occur.
For example if you have a number of operatives in the plastic injection moulding business, their particular skills will not be as important as the tool maker. The loss of that person could prove costly to the company, in terms of lost orders and/or late deliveries.
Tyrrells Financial Services Limited will be pleased to offer guidance in this area.