Your business success depends on the contributions of key individuals—people whose absence could disrupt operations or even threaten the continuity of your company. But what happens if those essential team members are unable to work due to illness, injury, or an untimely death?
Key person insurance is your safety net. Whether you’re an established company or newly self-employed, this insurance policy provides financial protection to help your business stay operational during challenging times.
Key person insurance, sometimes called key man insurance or key employee insurance, is a policy designed to financially protect businesses from the loss of individuals vital to their operations. These policies ensure stability during times of financial stress by:
With additional options like accidental death coverage or premium waivers, you can tailor your policy for complete protection.
For businesses operating for over three years, comprehensive key person life insurance is available for individuals vital to your revenue and operations.
For businesses in operation for under three years, reduced cover ensures your financial security during the early growth stages.
Whether you’re a small business owner or a startup entrepreneur, key person insurance gives you peace of mind, ensuring stability even in unpredictable times.
Key person insurance provides payouts tailored to your business’s unique needs, helping you maintain operational stability and financial strength when it matters most.
Manage short-term disruptions caused by the absence of a key individual.
Offset lost income or hire contractors to fill temporary gaps.
Secure your business with funding for recruitment, training, or debt settlement.
Address long-term revenue gaps caused by the permanent loss of a key employee.
Total Disability: Advance payments cover immediate needs when a key person cannot work.
Partial Disability: Proportional benefits are provided if the insured returns to work with a reduced capacity.
With optional indexation features, you can ensure your policy keeps pace with inflation, preserving the value of your benefits over time.
New Zealand’s small and medium-sized companies form the backbone of its economy, and many rely on one or two critical individuals for operations, knowledge, and leadership.
Key person insurance offers:
Minimise the disruption caused by the loss of a key person and keep vital operations running.
Avoid additional financial stress by ensuring that revenue gaps, recruitment costs, and business expenses are covered.
Provide your team with the resources they need to recover and adjust after unexpected challenges.
At OneStop Financial Solutions, client service comes first. We understand that navigating insurance policies or negotiating life insurance rates can feel overwhelming, especially when running a business. With the help of our knowledgeable insurance brokers you can:
Your business deserves a broker who listens, acts, and works tirelessly to get you the best outcomes. Our dedicated team is here to simplify key person insurance and offer solutions that work.
Are you ready to safeguard your business with the right insurance policy? Matt and the team at OneStop Financial Solutions offers:
Together, let’s create an insurance plan that protects your company and secures its future.
