What Happens If Your Business Loses
Someone It Cannot Easily Replace?

Who Is a Key Person?

Revenue & Relationships

Skills & Expertise

Leadership & Reputation

This may include individuals who generate significant revenue, manage important client relationships or play a major role in business development.

Certain employees may have specialist knowledge, technical expertise, experience or intellectual capital that is critical to the business.

A key person is someone whose skills, experience, relationships, knowledge or reputation are important to the success of the business. Their death or disability could have a significant financial impact on revenue, profitability or operations.

People who help drive income

People who shape the business

People who are difficult to replace

The Financial Impact

Lost Revenue

Replacement & Recovery Costs

Business Stability

The loss of a key person can affect sales, client relationships, productivity and overall profitability, particularly where a large portion of revenue depends on that individual.

Recruitment, training, temporary support and the loss of specialist knowledge can create additional financial pressure while the business adjusts.

A key person’s loss can disrupt operations, staff confidence and important relationships, particularly where the business depends heavily on that individual’s skills or reputation.

Income may fall quickly

The wider business can be affected

Replacing expertise can take time

Identify the people whose loss could have the greatest financial impact on your business and structure appropriate protection around that risk.