Village 360

Business Protection

How would the temporary or permanent loss of a key director or employee impact on your business?

Small & medium sized businesses tend to focus on insuring themselves in traditional areas that focus on loss of property, business interruption or professional negligence. Arguably the greatest asset a business owner possesses is the ‘know how’ required to run his/her business.

So what happens when a key individual is removed from this business by a medical issue, be it temporary or permanent?

Many businesses hit by such trauma will fold due to the loss of a key person. If this is an employee, this is bad enough but just imagine if a working partner was to die or be forced out of a business without any contingency plan being in place.

Through careful planning, it is possible to structure a solution that will deal with the following areas as defined in the tabs to the right of this page that will, as a consequence, allow the business to thrive following such a trauma.