It is generally agreed that people are the most valuable assets within a business.

Whilst others assets such as property, plant and machinery are usually insured against loss, rarely is the company protected against the death or disability of a key employee.

The term "Keyman Assurance" is used to describe the arrangement whereby an employer insures the life of a key employee for the purpose of continuing profitability and development of the business in the event of the employee's death or disablement. The death or disablement of any key person could have devastating effects on,

Turnover - caused by lower sales/production
Profitability - due to less efficient working environment
Capital value of the company - as sudden loss of key person jeopardizes goodwill.

With Keyman Assurance, if a key person dies or becomes disabled the company receives the proceeds as beneficiary of the insurance policy.

This money is then available for the business to overcome the loss of the services of the key employee.

T3 Financial Solutions Ltd can arrange a suitable policy and, as independent financial advisers we have access to all the leading companies, so can negotiate the most advantageous terms available in the market place.

If you would like more information on keyman assurance please contact us.