Current market research shows that 90% of small and medium sized enterprises do not have sufficient protection in place if they lose a key employee, director or partner.

The dedicated team at Oval will get to know your business and will help you to identify the team players whose long term absence or death would have most influence on your business.

This could be anyone including the owner-manager, the sales person who knows your customers the best or the designer who is working on your new products.

Oval can put together a package of support under its Key Person Protection service to:

• Substantially reduce the impact that your business faces if an important member of your team becomes seriously ill or dies.
• Provide insurance designed to overcome the financial loss that may result from one or more of your key staff not being able to contribute to the business.
• Secure a lump sum in the event of death or critical illness, and an income stream for your company whilst a vital individual is incapacitated.

There is no magic formula in determining the level of cover for Oval’s Key Person Protection. However, we can help you to gauge the potential loss of profits you face if you have to find and train a replacement for a key person.

Please contact us to discuss how we can assist you in relation to your Key Person protection requirements.