What would happen to your business if you suddenly lost an important member of your team?
According to Royal London, 54% of small business owners don’t have insurance that protects their company against the sudden loss of a key employee – and 20% of them have never heard of it. But statistically, 46% of UK businesses would be forced to cease trading immediately if a key person died or was unable to continue working through illness or injury.
What is key person protection?
Key person protection - through a life assurance, critical illness, income protection plan, or a combination of all three - provides a lump sum or flow of income to your business if a key member of staff dies or suffers a serious illness. This allows your business to continue trading at a time of considerable uncertainty and financial pressure.
What does key person insurance cover?
Loss of profits suffered until a replacement is found and in place
The costs of recruitment and training new staff
Income to the ‘absent’ person where applicable, plus funds for the cost of a temporary replacement.
How we can help:
We can help you put the right protection plans in place so you don’t lose out if the worst should happen.
How does key person insurance keep my business safe?
Always a pleasant experience using Simpson Financial Services to support with our financial planning. Christian Wilson is very personable whom fully understands our requirements. I would highly recommend Simpson Financial Services for all elements of financial planning.
Kevan and Debbie Kane
Extremely pleased with all the help and advice you have given me re my investments.
Sue Burton
During the many years I have been serviced by Simpson Financial Services, I have always found the advice relevant, accurate, effective and delivered by staff who communicate at a level I find comfortable.
Ady Rayner
Simpsons (Rob) has been giving me advice for many years now and it has always been advice that has been very useful - not only from a financial point of view but also a personal one. All advice is always welcomed, and useful. All the best.
Rich & Joanne
I have known Rob Simpson for approximately 30 years and have been a client of Simpson Financial Services since its inception. The longevity of the relationship speaks volumes for the service that we, my wife and I, have received from Rob and SFS during that period.
We have always from the start received a personal and direct service from SFS with Rob remaining an available point of cont...
Hugh Gilmore
Everyone at Simpsons is very friendly and helpful. Portfolio details/changes are explained in terms that I, with no previous experience of an investment portfolio, can understand.
Jayne Whigham
We are very pleased to have chosen Simpson Financial Services to help sort our financial affairs. Christian and, indeed, all the team are both extremely knowledgeable and personable. Their service is second to none.
Lorraine and Shaun Billenness
I have been a client of Simpson Financial Services for many years now and have always found the whole team - led by Rob Simpson , Managing director, to be most professional , helpful and prompt in all dealings.
They have grown my portfolio despite all the ups and downs of the markets during the past few years. Regular reviews are arranged to keep me informed and help and information are...
Peter Griffiths
Good all-round financial advice and subsequent investment strategies from their knowledgeable advisers.Your individual feeling towards financial risk in the various platforms are discussed and reviewed annually,and their website can give you a snapshot of your current investments, assets, liabilities etc at any given time.
Richard Nett
Hannah has been so lovely.
I’m so grateful to her for her warm, friendly approach & helping me understand matters that I previously couldn’t.
I would not hesitate in recommending Hannah & always feel like I’ve visited a friend who certainly knows ‘her stuff’.
