Keyman Revenue Protection

As a small or medium business owner, you will understand the importance of making sure you and other key persons within your business are fit and healthy and are able to run your business, particularly in the early days. Unfortunately, things do not always go to plan and you may find yourself in a situation where a key member of your team is no longer able to continue in the business.
Fact Checked

Updated: 28 May 2024

At ComparingExpert, we specialise in helping small business owners protect their business. Make sure your small or medium business has the level of cover it needs and is protected with a Keyman Revenue Protection Policy so if you or another key staff member are not there for an extended period of time, the business can still function.

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Keyman Policy Meaning – Definition

Keyman Insurance is designed to protect a small to medium business if a keyperson within the business is no longer able to continue working in the business due to death, total and permanent disability, critical illness or sickness or accident.
There are generally three types of Keyman insurance available:

Keyman Revenue Protection

Keyman Revenue Protection can protect your small business from lost revenue as a result of a Keyperson in your business no longer being able to play a part in the business due to death, critical illness, total and permanent disablement or total disablement.

Revenue Protection can generally cover:

What insurance types can I take out as part of Keyman Revenue Protection?

Generally a small or medium business is able to take out a key person insurance policy for:

  • Death (Life Insurance)
  • Critical Illness (Trauma Insurance)
  • Total and Permanent Disablement

How much keyman insurance do I need? Assessing lost income