Most businesses have an individual who is key to the success and profitability of the business, a ‘key person’. The death, illness or disability of this person can have a negative financial impact on your business.

You will find that the success of almost all small and medium-sized businesses is dependent on a few people who make a significant contribution. These key people can include the owners, senior directors, salespeople, production managers, research and development staff, or other people with specialist skills or knowledge.

Having the right protection in place can help to ease all of these problems. The Key Person Protection Plan is designed to provide a cash injection if the key person dies. It can’t stop the unthinkable from happening, but it can make dealing with the consequences a little easier.

What are the benefits of the Key Person Insurance?

Businesses are aware that their long-term success or failure will ultimately depend upon the ability and value of their employees. Businesses today protect their buildings and equipment quite easily by calculating the financial implications and potential loss of profits from the damage of these assets. What many businesses overlook or ignore is the actual value of its employees.

Loss of employees needs to be assessed and an appropriate Business Protection solution selected.

The Key Person Protection Plan is there to provide protection against the financial loss it may suffer from losing a ‘key’ employee due to death.

Legal Information

Calamatta Cuschieri is an enrolled Tied Insurance Intermediary under the Insurance Distribution Act for MAPFRE MSV Life p.l.c. (MMSV). MMSV (C-15722) is authorised under the Insurance Business Act.  Both entities are regulated by the Malta Financial Services Authority. The Product is manufactured by MMSV and distributed by Calamatta Cuschieri.