Key Person Cover
CLIENT Withheld on request
A busy mum of two children and co-director of a thriving clothing business with her husband, Jane had little time or tolerance for mundane tasks like form filling.
However her insurance broker, Derrick, was politely insistent that a Key Person Policy was important for their business.
Jane admits that she and her husband considered the policy a ‘nice-to-have’ rather than an essential, and were almost too busy growing their company’s range of contemporary women’s clothing to have the necessary medicals and forms completed.
However, just 18 months later, Jane’s routine breast exam turned her life upside down. A significant mass had already reached her lymph nodes, requiring immediate surgery and postoperative treatment.
Although her care was straightforward, Jane needed extended time away from the business to allow her to rest and recover. Fortunately their Key Person Policy turned out to be an excellent investment, paying out sufficient funds to allow them to carry on the business in Jane’s absence, and eliminating any financial worries which may have hampered her recovery.
Now returned to full health and back at work full-time, Jane is deeply grateful for Derrick’s persistence. A strong advocate of getting the right insurance cover, her advice to any business owner is to get those forms filled in promptly so you can focus on running your business, secure in the knowledge that you’re prepared for any eventualities.