Toggle navigation


What is Key Person cover?

Would you becoming ill or dying seriously damage your business? Are there others in the business whose loss would have a similar impact? If so, taking out a Key Person Policy should be considered. 

A Key Person Policy will pay money into the business to help cover the impact of their loss. You can use the money for anything that you need in order to survive, from paying sub-contractors to covering investments.

How much do I need?

It is a common misconception that covering the wages of the Key Person is all that is needed. In some circumstances, this may be enough. However, covering their impact on the profits is a more valuable consideration. 

Use the Key Person Calculator below to help review how much your Key Person should be insured for.

I already have personal insurance

Great, but that cover is for family protection. This policy pays into the business to help it survive.

Since 1998, happy LifeSearch teams have protected more than 640,000 UK families

  • Fee-free expert advice, free support services
  • We hunt the market: insurers you know and some you don't
  • We advise, we search, but you decide
  • Multiple winners; Protection Review & Money Marketing Awards
  • Trustpilot ‘Excellent’ year after year from thousands of reviews
Read more about us

42% UK households with a mortgage have no Life Insurance 

Over 98% of life insurance claims are successfully paid out 

LifeSearch Limited is an Appointed Representative of LifeSearch Partners Limited, who are authorised and regulated by the Financial Conduct Authority. Calls may be monitored/recorded.