Staff and Key Person Protection

FACT - You and your key staff are your biggest asset.

That being so, why would you want to take risks with them being able to participate in the successful running of your business on a day to day basis because of illness or absence?

When reviewing a client’s circumstances, protection against the death or critical illness of a ‘Keyperson’ or shareholder/partner is an area BiB takes very seriously, as it is one that is often overlooked by business.

We all make sure our business cars are insured adequately but, in many cases, fail to protect our most valuable asset; the people who either run or create wealth for the business. You can insure yourself against this risk with BIB.

Which type of insurance cover is most suitable for each particular risk and the cost can be difficult to determine without expert guidance from someone familiar with the various types of cover available. The industry jargon associated with the technical issues surrounding the products can be very confusing. BIB is committed to help make this process as simple as possible.

As an example business protection policies can take many forms and common phrases such as ‘Keyman policy’ are often misunderstood. Similarly Health and income protection policies have many options and exclusions contained in the policy wordings, all of which can cause confusion for the business principle.

At BiB we will review you current arrangements and advise you with no obligation on areas most appropriate for you and your business.

If you would like us to advise you simply fill in the form online or call us on 01325 353 888 and we’ll get straight back to you, and that’s a promise.