In brief there are 3 types of Key Person insurance.

Life Insurance for a Key Person
Critical Illness Protection for a Key Person
Income Protection Insurance for a Key Person.

Key Person Definition

Anyone whose loss, either permanent or temporary would affect the company’s ability to maintain turnover and generate profit.

As a business owner you know what you need to make your business a success. Suitable premises, machinery or tools, and your computer systems may all be important.

But have you protected what is probably your most important asset – your people?

Key Person Protection insurance can’t stop the unthinkable from happening but it can make dealing with the consequences easier. Without adequate business protection you could end up risking everything you’ve worked so hard to achieve.

The consequences of what could happen should a key person die or become unavailable to work through illness or injury can make you think about what might happen:

  • Without the leadership of you or your key person your employees may decide it’s time for them to move on.
  • Customers may choose to go elsewhere.
  • Sales could fall.
  • New products could be delayed.
  • It could create a lack of confidence from your lender, suppliers, customers and your other employees
  • Bank loans and overdrafts could be called in.
  • Suppliers may demand payment up front.


We will charge a broker fee of between £195 and £995 for Residential and Buy to Let mortgages, payable on application. The amount we will charge is dependent on the amount of research and administration that is required.

S A Robertson Lifestyle Protection & Mortgages is an Appointed Representative of PRIMIS Mortgage Network. PRIMIS Mortgage Network is a trading name of First Complete Ltd which is authorised and regulated by the Financial Conduct Authority for mortgages, protection insurance and general insurance products.

Solicitors, Conveyancer and Surveyor Services, Commercial Mortgages, Wills, Trusts, Estate Planning and are not regulated by the Financial Conduct Authority. The Financial Conduct Authority does not regulate some forms of Buy to Let mortgages and bridging finance.