Keyman Insurance

Protect your business from unexpected loss with Keyman Insurance.

Don't wait until it's too late – consider keyman insurance for your business today and ensure its success for tomorrow.

As a business owner, you understand the importance of having a plan in place for unexpected events. You work hard every day to build and grow your business, and the last thing you want is for all that hard work to be lost due to the unexpected death or disability of a key person in your organisation.


That's why we'd like to introduce you to Keyman Insurance. With Keyman Insurance, you can protect your business against the financial consequences of losing a key person in your organisation. This type of insurance is specifically designed to provide an income or lump sum to help you recruit a replacement should you lose a key person through death, or long-term illness/injury.


Imagine a future where your business is protected against unexpected events, and you can focus on growing your business without fear. Keyman Insurance provides peace of mind, allowing you to concentrate on your business while knowing your assets are protected.

Take control now and get in touch today to see how we can help protect your business.

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The Power of Planning Ahead: Keyman Insurance Saves the Day for Stephen

We all hope for the best, but sometimes life takes an unexpected turn, as it did for Stephen and Amanda. They owned a successful packaging business, but when Amanda passed away, Stephen was left with the daunting task of finding a replacement for his business partner.


However, the keyman insurance policy they put in place years before came to the rescue. Thanks to the policy, the business was provided with a lump sum that gave Stephen the time he needed to find the right person for the job.

With this financial stability, he was able to take a step back, grieve for Amanda, and search for the right fit. And find the perfect candidate he did! The new hire brought fresh perspectives and skills in marketing and accounting, and the business was able to thrive and reach new heights.


The keyman insurance policy gave Stephen the gift of time, allowing him to grieve and make a well-informed decision in finding a replacement. By planning ahead, Stephen was able to keep the business running strong, just as Amanda would have wanted.



Keyman insurance is a type of life insurance policy that is designed specifically for businesses. It provides financial protection to a business in the event of the death, illness or injury of a key employee or member. The policy pays out a lump sum payment to the business, which can be used to cover the costs of finding a replacement, training a new employee or to compensate for any lost income or profits. 


Keyman insurance can help to protect the future of a business and ensure that it can continue to operate and succeed, even in the face of unexpected circumstances. 

There are several reasons why keyman insurance is important for businesses. Firstly, the loss of a key member or employee can have a significant impact on a business, both financially and operationally. The death, illness or injury of a key member can lead to a loss of revenue, increased costs, and a decline in productivity. This can put the future of the business at risk and make it difficult for the business to recover.


Secondly, keyman insurance provides financial protection to a business in the event of the loss of a key member or employee. The lump sum payment received from the policy can be used to cover the costs of finding a replacement, training a new employee or to compensate for any lost income or profits. This can help to ensure that the business can continue to operate and succeed, even in the face of unexpected circumstances.


Finally, keyman insurance can help to attract and retain key employees and members. By offering keyman insurance, a business can demonstrate its commitment to its employees and members and provide them with financial security and peace of mind. This can help to increase employee morale and reduce turnover, which can have a positive impact on the overall success of the business.

In the UK, Keyman Insurance is considered a tax-deductible expense for businesses. This means that the premiums paid for the policy can be offset against the company's taxable profits, reducing the amount of corporation tax the company has to pay.


Additionally, any death benefit or lump sum paid out under a Keyman Insurance policy is generally tax-free in the hands of the recipient, which could be the company or the beneficiaries of the policy.


It's important to note that the tax treatment of Keyman Insurance can vary depending on individual circumstances and is subject to change.


It's always recommended to seek professional tax advice to ensure that you fully understand the tax implications of Keyman Insurance for your specific situation.

Learn more

When choosing a keyman insurance policy, it is important to consider the following factors:


Coverage: The coverage provided by the policy should be sufficient to cover the costs of finding a replacement, training a new employee and compensating for any lost income or profits. The coverage should also take into account the specific needs of the business.

Premium: The premium for the policy should be affordable and within the budget of the business. It is important to compare the premium of different policies 

What is Keyman Insurance?

Keyman insurance is a type of life insurance policy that is designed specifically for businesses. It provides financial protection to a business in the event of the death, illness or injury of a key employee or member. The policy pays out a lump sum payment to the business, which can be used to cover the costs of finding a replacement, training a new employee or to compensate for any lost income or profits.


Keyman insurance can help to protect the future of a business and ensure that it can continue to operate and succeed, even in the face of unexpected circumstances. 


Why is Keyman Insurance Important for Businesses?

There are several reasons why keyman insurance is important for businesses. Firstly, the loss of a key member or employee can have a significant impact on a business, both financially and operationally. The death, illness or injury of a key member can lead to a loss of revenue, increased costs, and a decline in productivity. This can put the future of the business at risk and make it difficult for the business to recover.


Secondly, keyman insurance provides financial protection to a business in the event of the loss of a key member or employee. The lump sum payment received from the policy can be used to cover the costs of finding a replacement, training a new employee or to compensate for any lost income or profits. This can help to ensure that the business can continue to operate and succeed, even in the face of unexpected circumstances.


Finally, keyman insurance can help to attract and retain key employees and members. By offering keyman insurance, a business can demonstrate its commitment to its employees and members and provide them with financial security and peace of mind. This can help to increase employee morale and reduce turnover, which can have a positive impact on the overall success of the business.

What is the tax treatment for Keyman Insurance

In the UK, Keyman Insurance is considered a tax-deductible expense for businesses. This means that the premiums paid for the policy can be offset against the company's taxable profits, reducing the amount of corporation tax the company has to pay.


Additionally, any death benefit or lump sum paid out under a Keyman Insurance policy is generally tax-free in the hands of the recipient, which could be the company or the beneficiaries of the policy.

It's important to note that the tax treatment of Keyman Insurance can vary depending on individual circumstances and is subject to change.


It's always recommended to seek professional tax advice to ensure that you fully understand the tax implications of Keyman Insurance for your specific situation.

We aim to offer the highest quality life insurance coverage for the most competitive premiums. Get cover in 3 easy steps:

Life insurance check up

Tell us about your family and finances, so we can work out your protection needs.

Impartial advice on what you need

Clear action plan on what type of cover you might require, for how long, and why.

The best insurers to cover you

Get cover designed to meet your unique needs.

Ready to get started?

Whether you already have insurance or would like to explore more possibilities for your family protection, our insurance review is a great way to take the next step.

Call 02895 575010 or 0141 291 5044 or send us a message using the form below and we’ll tend to your enquiry right away.