Key Person Protection

The sudden loss of a key individual in your business—whether through death or serious illness—can have a significant impact on profits, operations, and future growth. From lost revenue and disrupted sales to the cost of recruitment and training, the effects can be far-reaching.

Key Person Insurance is designed to help your business manage that risk. It provides a financial safety net by paying out a lump sum to the business if a key employee or director dies or is diagnosed with a critical illness. This support can help cover immediate costs, protect cash flow, and give your business time to recover and rebuild.

Why It Matters

  • Protects against the financial impact of losing a key employee

  • Helps maintain business continuity during challenging times

  • Reassures investors, lenders, and stakeholders

  • Enables you to recruit and train a replacement without putting pressure on reserves

At J Finance, we tailor Key Person Insurance solutions to meet the unique needs of your business—ensuring that you’re financially protected against life’s unexpected events.

Cross Option Agreements: Protecting Shareholder Interests

In addition to Key Person cover, many businesses also benefit from setting up a Cross Option Agreement. This legal arrangement ensures that if a shareholder passes away, their shares can be purchased by the remaining shareholders—while the deceased’s estate receives fair value.

When combined with a life insurance policy, this setup allows for:

  • A smooth transfer of business ownership

  • Avoidance of third-party interference or unwanted beneficiaries

  • Continued control and stability for the remaining owners

J Finance can help you put the right agreements in place to safeguard your business’s long-term future and provide peace of mind for all parties involved.

Protect What Matters Most

Whether you’re a growing company or an established firm, protecting your key people and planning for succession is vital. With a tailored approach to Key Person Insurance and cross option agreements, J Finance is here to help you build resilience into your business.