Loss of revenue insurance
Loss of Revenue Cover provides an agreed monthly revenue replacement benefit when a key employee or sole trader is disabled, either totally or partially.
What Does loss of revenue Insurance Cover?
In the event of either total or partial disability of a key employee or sole trader, this covers the loss of revenue by providing a monthly benefit for an agreed period.
Who Is It For?
Any employee who makes a significant contribution to profits is likely to be a key person – for example a key salesperson or a technical expert, as well as company directors and executives.
Why Take Out loss of revenue Insurance?
If something happens to a key employee this cover will provide a monthly revenue replacement benefit. Without this cover in place the business revenue could be adversely affected and any profits could be depleted until replacement found.
General Benefits
protect your business revenue
In the event of either total or partial disability of a key employee or sole trader, this covers the loss of revenue by providing a monthly benefit for an agreed period.
protect your profits
This insurance allows you to protect your profits rather than having to use them to cover a key person.
agreed value benefit
This benefit value is agreed at application time, which means no financials are required at time of the claim.