Cave Financial Services

Key Person Cover

This cover is designed to provide a capital injection into the business upon either a trauma/critical illness, the total and permanent disability, terminal illness or death (whatever event happens first) of a key employee of the business.

The loss of a key person can affect a business in a number of ways such as loss of experience, expertise and knowledge, intellectual property and key client relationships. Consequently, the loss of key people can directly affect business revenue and a capital injection, at that point would underpin revenue during the transition period required to replace them and get trading back to previous levels.

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