Key Employee Assurance

The value of protecting your profits

Virtually every business will guard against the loss of material assets such as buildings and contents, even work in progress. Yet many do not protect against the death or serious illness of personnel who may be vital to the success of the business.

The death or serious illness of a key member of staff can have a huge impact on your business. A sales director may have valuable contacts that may be lost. A technical expert may be essential to the development of a new product. The effects can cause severe difficulties - both practically and financially:

	The lengthy and expensive recruitment of a replacement employee
	Business interruption could directly impact on profits
	Important continuity may be lost
	Existing contracts could be lost
	Production and delivery deadlines may be more difficult to meet
	Staff morale may suffer
	It may become difficult to meet financial commitments

NFU Mutual’s Key Employee Assurance protects the people and the business you value. It provides a range of solutions to help your business continue as smoothly as possible during times of great stress and financial hardship.

Benefits for your business

Increasing numbers of employers are recognising that the loss of key personnel - either through death or critical illness - could have a major financial impact on their business. Insurance against such a loss has many advantages:

	Support your business financially
	Create a positive perception in the marketplace as a forward thinking employer
	Cover the cost of recruitment and losses caused by business interruption
	Retain a sound credit rating, even during times of transition
	Maintain customer and staff confidence
	Tax relief on premiums may be available
	Tailor the benefits to meet your needs and budget - choose different cover for individual employees


Other products you may need

Car insurance	Office insurance	Retailer insurance
Comprehensive cover to suit your driving needs	Tailor-made insurance for your office environment	Insurance designed for your retail business