Executive Income Protection
Income replacement if a valued employee is unable to work due to injury or illness.
We cannot predict what will happen in life, and when it comes to running a business you need to be sure that your interests are protected.
The sudden injury or illness of a key person in your company can have a devastating impact. Not only is the individual concerned at the risk of financial hardship whilst they are unable to work, but the company’s fortunes will suffer from their inability to contribute as normal.
Our Executive Income Protection provides an income for a key person that is unable to work due to sickness or injury It gives reassurance that your business will not be adversely affected should a key individual be absent for a long period of time.
Why is Executive Income Protection important?
A key person’s contribution is crucial to the running of the company, and so often a substitute needs to be found to cover the work. Paying an additional salary to cover the cost of this person can be a major impact on cash flow for a company when times are tight.
Executive Income Protection ensures that you can provide your key person with an income, whilst paying for a replacement to cover the work. It supports both the company and business whilst the key person is recovering.
faqs
How can we help?
We want you to have the simplest, easiest experience possible when choosing the right employee benefits. But we know you might have a few questions. Read on for more information here. If you still have questions, talk to us.
Who is classed as a key person?
What’s the maximum benefit you can claim?
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