Key Person Insurance

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.

• 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.

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.

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.