Key Person Cover

Is there a Director or an employee within the business that would be difficult to replace?  Would their death impact upon the company's future profits?  Would the loss of this key person damage the ability of the business to gain funding from the bank or extend existing facilities?

Under these conditions there can be a clear need for Key Person cover.  Advantage IFA can help put the right cover in place and make sure you adhere to the criteria required for tax efficient treatment of the policy.  Most importantly, your business will be protected against the loss of a Key Person whether they work in R&D, logistics or sales where they hold key contacts.