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

The availability of tax relief depends on individual circumstances and is subject to change.

Request a Financial Consultant* appointment

If you request an appointment, we'll aim to call you back within 24 hours (or the next working day), to arrange a time to meet a Financial Consultant* Request an appointment online

Alternatively, call us today** if you would like a personal response from one of our friendly and qualified staff