Many have not given any thought to how the day-to-day running of their business would be affected in the event of a key executive, salesperson, technician or manager dying or suffering from a critical illness.
The loss of a key member of staff with specialist expertise can have a potentially devastating effect on a business, especially if the deceased or critically ill person is the only one able to do a certain job.
By taking out keyman insurance, businesses can protect themselves against such risks. Such policies can help to fund the costs of recruiting or training replacements and can go some way to replace lost profits or revenue.
Our keyman insurance specialists can advise you on the best solution for the future of your business.
To find out how we can help you in this respect, please contact our specialist advisers.
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Milsted Langdon Financial Planning is a trading name of Financial Planning for Professionals Limited which is an Appointed Representative of Milsted Langdon Financial Services Limited which is authorised and regulated by the Financial Conduct Authority.
Financial Planning for Professionals Limited: Registered in England. Registered No. 7022172. Registered Address: Winchester House, Deane Gate Avenue, Taunton, TA1 2UH. Milsted Langdon Financial Services Limited Registered in England. Registered No. 3953890. Registered Address: Winchester House, Deane Gate Avenue, Taunton, TA1 2UH.
Milsted Langdon Financial Services Limited is entered on the FCA Register No 126457 at register.fca.org.uk