Keyman Insurance

Key Man Insurance, also known as key person insurance, is a crucial policy arranged by UniTrust to safeguard your business against the financial impact of losing a key employee due to unforeseen circumstances like death, disability, or critical illness. The policy works by providing a financial cushion that can help cover losses in revenue, recruitment costs, and maintaining business continuity during such challenging times.

At UniTrust, we understand that every business is unique and that the loss of a key individual can have a significant effect on your operations. Our dedicated team of professionals leverages their vast knowledge and strong relationships with top-tier insurance partners to arrange the most fitting policy that offers the right level of protection for your business.

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Covers Provided

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Death of the Key Person

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Disability of the Key Person

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Critical Illness of the Key Person


A key person can be anyone whose skills, knowledge, experience, or leadership contributes significantly to the financial success of the business. This could be a director, a partner, a key salesperson, a key project manager, or any other individual who holds substantial responsibility for generating revenue.

The value of a key person can be determined by considering the person’s contribution to the business’s profit, the cost and time required to find a suitable replacement, and the financial impact their loss would have on your business.

The payout from a key man insurance policy can be used for a variety of purposes such as offsetting lost income, funding a recruitment drive to find a suitable replacement, paying off debts, buying out the deceased’s shares if applicable, or even in the worst-case scenario, providing liquidity for business closure.

In most cases, premiums for key man insurance can be considered a business expense, but it’s always best to consult with a tax advisor or accountant for your specific situation.

UniTrust, with its team of experienced professionals, can help by evaluating your business, identifying key personnel, assessing the potential financial impact of their loss, and arranging a policy that provides the most suitable cover. We work with top insurers to ensure that your business is well protected against such potential risks.

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