Future Forecast
Take control of your financial future with Gower’s Future Forecast
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The success of your business relies on key individuals whose expertise drives growth and stability. With key person insurance, your company receives financial support to cover losses, maintain operations, and protect its future.
Key Person Insurance is a business protection policy designed to provide a financial safety net if a vital employee, such as a director or specialist, passes away or is diagnosed with a critical illness. The policy pays out a lump sum directly to the business, helping cover operational costs, lost profits, or the expense of recruiting and training a replacement. This ensures continuity and financial stability during periods of disruption. Key Person Insurance can be tailored to your company’s specific risks and structured through life or critical illness policies owned by the business.
Financial Stability
Receive a lump sum payment to cover lost revenue, recruitment costs, or loan repayments if a key person passes away or becomes critically ill.
Business Continuity
Protect your company from operational disruptions and financial strain, ensuring stability during transitions.
Tailored Protection
Our independent advisers assess your business needs and source the right level of cover from across the market.
Peace of Mind
Gain confidence knowing your business is protected against the unexpected.
A key person is any employee crucial to your business’s financial success, such as directors, specialists, or top salespeople.
This depends on the individual's contribution to revenue and the potential financial impact of their absence. Our advisers can help assess the right level of protection.
Yes, key person insurance is typically owned and paid for by the business, making it a tax-efficient way to protect against financial risk.
Funds can be used to cover revenue loss, recruitment and training expenses, debt repayment, or any costs required to stabilise the business.
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