Key Man Protection
The death or prolonged illness of a key employee can put your business under financial strain. The answer is to protect the repayments of your finance agreement with a Keyman policy.
Primary features and benefits:
Helps safeguard your business in the event of the death or illness of a nominated employee.
Full settlement - any outstanding balance on your finance agreement is paid in full if a nominated employee dies ( Includes 3 months arrears.)
Includes Personal Accident cover, providing lump sum payments of up to £100,000.
Keyman Plus adds Accident and Sickness protection.
If a nominated employee is absent due to sickness for more than 30 consecutive days, you can claim benefit equal to your monthly repayment.
Keyman is available whatever the type of Lombard finance agreement, whatever the asset.
" Keyman cover has been specially negotiated and arranged by Lombard and National Westminster Insurance Services Limited and is arranged through London General Holdings Limited. Lombard represents National Westminster Insurance Services Limited which act as an independent intermediary for a number of insurers. NatWest Insurance Services is a trading name of RBS Group Insurance Services Limited. Registered Office: Waterhouse Square, 138-142 Holborn, London, EC1N 2TH. Registered Number 2168710, England ".
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