A key person, business owner, executive or leader can drive a company’s success. When that person becomes incapacitated, the business may suffer significant financial loss – or even ruin.
Our insurance can help keep your business running, even if a vital cog is missing, with customised insurance that matches your business needs.
Best for
Any organisation with a financial interest in the performance of an individual or organisation:
- Executives
- Business Owners
- Hedge Fund Managers
- Private Equity Partners
- Private Corporations
- Public Corporations
- Financial Advisors
Highlights
- Protects against loss of revenue and / or unrecouped expenses
- Protects against share pay out in the event of a Key Person’s death
- Expert knowledge and breadth of experience in insuring Key Persons
- Market-leading levels of capacity
- Worldwide coverage
Summary of coverage
Key man Disability insurance is an accident and illness policy purchased by a third party to insure for the financial loss of a key person whose expertise and skillset have established them as an irreplaceable asset to their organisation.
It also benefits businesses concerned about protecting and insuring their human capital asset in the acquisition or investment in a new company, while protecting their short-term cash flow needs. It can take the form of pure key man, buy-sell or business loan covers.
Specific coverage includes:
- Accidental death – if a Key Person dies because of an injury
- Critical asset protection – contract frustration caused by the death of a Key Person
- Permanent total disablement – the premature end to a Key Person's career because of an injury or illness
- Temporary total disablement – if a Key Person is temporarily incapacitated because of an injury or illness beyond a specified period (known as an excess)
Brochures
Your team
Head office
Fitzwilliam House
10 St. Mary Axe
London EC3A 8BF
United Kingdom
Our offices
Barcelona
Torre Diagonal Mar Josep Pla 2, 10th floor 08031, Barcelona Spain
Brussels
Avenue du Bourget / Bourgetlaan 42 B-1130 Brussels
Düsseldorf
Berliner Allee 26 40212 Düsseldorf Germany
London
Fitzwilliam House 10 St. Mary Axe EC3A 8BF, United Kingdom
Paris
36 rue de Châteaudun 75009 Paris France
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Why choose Tokio Marine HCC?
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.
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