Keyman
Your People. Your Business. Our Protection.
Keyman Insurance in the UAE for Sustainable Business Continuity.
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What is Keyman Insurance?
There are people who are critical to a company's growth, income or running of the business. Keyman Insurance in the UAE protects your business against financial loss from the death, disability, or critical illness of these key employees. As a reliable advisory platform, CoverB brings you tailored Keyman Insurance plans for the UAE that enable continuity, assistance with your recruitment and financial security.
Key Inclusions in the Product Liability Insurance Policy
Legal Expense Cover
Reimburses legal costs if the company is sued over the loss of a key individual or the terms of his or her contract.
Business Interruption Support
Guards the company’s revenue and operating capital until normalcy is restored following the exit of a critical employee.
Loan Protection
Pays off loans taken out against the key person, protecting the business from unforeseen debts.
Recruitment & Training costs
This keyman insurance policy also covers the costs of recruiting and training a new qualified replacement.
Temporary Total Disability
Cover for loss of production and earnings due to the inability of the key person to work should they be temporarily unable to fulfil their role.
Permanent Total Disability
Coverage for when the key person is permanently unable to return back to work, so the company can plan succession and cover needed costs.
Critical Illness Benefit
The policy provides protection if the insured key person is diagnosed with a critical illness and becomes unable to work.
Death Benefit
When the key person dies during the term of the policy, the business will receive a lump-sum death benefit.
Secure Your Future with a Quick Quote
Secure your business and your employees with our comprehensive Keyman Insurance Policy.
FAQs about Keyman Insurance cover
Yes. You can rely on CoverB. If you need expert advice to identify the monetary worth of significant contributors, assess their impact on business profits or predict their absence, do so that you end up selecting the perfect Keyman Insurance in the UAE.
Keyman Insurance in the UAE acts as a shield for organizations, which can succumb to financial instability due to the absence of key personnel. Payout helps to roll over the business by paying the debt, making up for loss of revenue, and financing recruitment or training for successors.
Keyman insurance in the UAE usually comprises life, critical illness, and disability protection. Each type of policy offers unique coverage that can assist a business in recovering financially and operationally following the death or disability of a key employee.
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