understanding financial jargon
Keyman insurance provides a benefits to a business if a named employee who is essential to the business is killed or injured and unable to perform their duties. A key person may be someone such as a Director or a specialist employee with rare knowledge, skill or experience, and who's absence will cause a loss of revenue. Keyman insurance will provide a business with funds to recruit a replacement employee either on a temporary basis or if necessary a permanent basis.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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