Buy-sell and key person insurance offers financial protection for businesses against the loss of key personnel. It ensures business continuity by providing funds to buy out the shares of deceased or incapacitated key individuals.
What are the benefits?
Some of the benefits of buy-sell and key person insurance include financial continuity for business and smooth transition of ownership, avoidance of disputes, stability for employees, clear succession planning, retention of key talent and continuity of operations.
What can it cover?
- Funds to buy out shares of deceased/incapacitated persons
- Financial continuity for business
What usually isn’t covered?
- Fraud
- Intentional self-injury
- Criminal acts
Other cover may be considered and additional exclusions may apply.
At DKG Insurance Brokers, we understand that the needs of each customer are different, therefore we will take the time to assess your individual risk requirements and deliver a bespoke solution. Please reach out to one of our experienced brokers today.
Important note− The information provided is general advice only and has been prepared without taking into account your objectives, financial situation or needs. When making decisions about buy-sell and key person insurance, please consider the Product Disclosure Statement.
Losing a key person unexpectedly can have a significant effect on both immediate earnings and the long-term viability of your business. Key person insurance offers crucial protection by addressing the financial repercussions of losing a vital employee. This insurance helps cover the expenses related to finding and training a replacement, ensuring that your business remains profitable and operational during difficult periods.
Why Choose DKG People Risk?
Please reach out to Erik Gyllenhammer, our Senior Manager, Strategic Business & People Risk, via email or call on 1800 252 926 to learn more about how we can tailor buy-sell and key person insurance solutions to meet your unique needs.
Choosing DKG People Risk means partnering with a team that is deeply committed to your success. Our experience, combined with a profound understanding of both employer and employee needs, positions us uniquely to deliver solutions that truly make a difference.
With DKG People Risk, you’re not just investing in insurance products; you’re investing in a brighter, more secure future for your entire organisation. Together, we can navigate the complexities of today’s workplace and build a foundation for sustained success.
We invite you to discover how DKG People Risk can help you protect your most valuable asset—your people. Let’s work together to create a supportive and resilient environment where both your employees and your business can thrive.
Losing a key person unexpectedly can have a significant effect on both immediate earnings and the long-term viability of your business. Key person insurance offers crucial protection by addressing the financial repercussions of losing a vital employee. This insurance helps cover the expenses related to finding and training a replacement, ensuring that your business remains profitable and operational during difficult periods.