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My Key Finance Ltd: How Key Man Insurance Protects Your Business

Date : 2022-09-27

My Key Finance Ltd (https://www.mykeymaninsurance.com) is a leading provider of key man insurance and other business insurance products. They offer the best price guarantee on all their products and provide beneficial rates on various commercial insurance products.

A key man insurance policy from My Key Finance Ltd will provide your business with the financial security it needs to continue operating in the event of the death or incapacity of a key employee.

When you\'ve worked so hard to build your business from the ground up, and now, as you\'re staring down the barrel of retirement, you\'re thinking about how much more work you have to do. You want to ensure that your family is taken care of—and, equally important to you, that your business continues to thrive after you\'re gone.

Key man insurance is such a good idea for any business owner. It\'s specifically designed to protect the business from the financial impacts of losing their key people through death or terminal illness. It\'s a life plan set up with a company as the owner and beneficiary.

Key man life insurance can also be included with critical illness cover. The benefit is a tax-free lump sum paid to the company in case of a claim. The cover is taken out over a term, normally a 5-year or 10-year guaranteed premium, depending on how long you think it\'s needed.

For most small businesses, key person insurance is a necessity. In fact, according to statistics, only 28% of UK businesses established in the last two years have any business protection in place. Yet 46% would cease trading immediately if a key person died.

So, don\'t wait until it\'s too late—get key man insurance from My Key Finance Ltd today. It could be the best decision you ever make for your business.

Visit the website at https://www.mykeymaninsurance.com/key-person-insurance/ for further details.

About My Key Finance

My Key Finance Ltd has provided insurance for over 10 years with over 1000 clients. They have a wide range of clients from small businesses to large companies and offer a personal service that suits every need. Their key man policy covers all staff members or directors, including partners and owners, as well as any other key members of staff who could not be replaced easily by another person. This would include managers, directors and senior executives. The policy provides cover against death, critical illness or injury to these persons so the company can continue to operate without them until they return to work after recovering from their illness or injury. Their office is located at Baxter Ave, Southend-on-Sea. For inquiries, email info@mykeyfinance.com or call 02071128844.

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