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Keyman insurance (Keyperson) - Business Protection Insurance

Every company has KEY workers that contribute greatly to the profitability of their company. If the key worker dies or becomes critically ill then the company will suffer badly or even go out of business?

The company should have a Keyman/woman policy that would pay a lump sum to the company in the event of death or Critical Illness of their Key employees. This would give them capital to replace Key man/woman or fund the company whilst they are recovering.

Typical Scenario - contract director, age 30, has fatal car accident. company need to quickly replace him as he was bringing in sales of £30,000 per month. (if it took 6 months to find replacement, that is a loss of £180,000 of sales, could this company survive this?, in the example below they would have recieved £200,000 to cover this eventuality, similarly a heart attack could prevent him from working for 6 months, again this would cover the loss)

Typical Example - Contracts Director, age 30, non smoker, Company needs to insure him for £200,000 payable on Death or Critical Illness.

COST £7.60 per week (Renewable every 5 years)


In the event of death of a major shareholder would your company have sufficient capital to buy the deceased shares or would you have to accept their spouse as a Director or risk the shares being bought by a competitor.


Insure all major shareholders so that company can receive cash to buy their shares on death.

Typical Example

Four Directors all age 30 (non smokers) with equal shares of company value £1 million.
Insure each Director for £250,000 on rolling 5 year renewable contract.

COST only £3.04 per week per Director Total cover £1 million

Can you afford NOT to have this protection for your company?

Think carefully before securing other debts against your home. Your home may be repossessed if you do not keep up repayments on your mortgage.

All loans are subject to status and disclosure. No fees are charged for insurances as per our FCA Disclosure Document

£50 upfront with £200 on application and £250 on completion.

Buy to let (pure) and commercial mortgages are not regulated by the Financial Conduct Authority.

Best 4 U Mortgages & Best 4 U Insurance’ is a trading name of Best 4 U Mortgages Ltd who are an appointed representative of Wyse Services Limited which is authorised and regulated by the Financial Conduct Authority No 492460.

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