Effective business management goes beyond planning — it’s about preparing for the unexpected. The loss of a key team member whose leadership or expertise is critical to your businesses success can pose significant challenges.
Key person insurance protects your business from financial loss if a vital employee passes away or becomes seriously ill. It ensures business continuity while helping manage the transition.
Key person insurance is a policy taken out by a business on an essential employee, such as a founder, director or executive. If this person can no longer work due to death or disability, the policy provides funds to cover business disruptions.
• Loss of revenue
• Recruitment and training costs
• Maintaining operations during transition
• Repaying business loans secured by the key person
• Supports business continuity
• Reduces financial strain after a key loss
• Reassures stakeholders of business stability
• Can be tax-deductible as a business expense
At 360Private, we provide tailored guidance on a range of personal and business insurance types, including:
• Life Insurance – to protect your loved ones
• Critical Illness/Trauma Insurance – to keep you covered when life takes an unexpected turn
• Income Protection – for added security during challenging times
• Total and Permanent Disability Insurance – for added security during challenging times
• Buy/Sell Insurance – that ensures smooth transitions in business ownership
We don’t sell insurance, but we provide professional, trusted advice to help you make confident decisions. Talk to us about how the right insurance strategy can support your future and protect what matters most.