Key man insurance
Momentum Business Assurance provides key man insurance to safeguard businesses against the financial impact of an owner's unexpected death or disability. Such events can significantly disrupt cash flow and jeopardise long-term sustainability. Our solutions help protect the business and its employees from unforeseen challenges, ensuring stability and continuity.
- Business will continue in the event of temporary or permanent disability of the business owner.
- Protects the income streams of the business, business owners, and employees.
- Securing the livelihoods of your family and employees when you’re unable to do so.
What is key man insurance in South Africa?
Key person insurance is a practical and affordable way to safeguard your business against the financial impact of losing a key individual (key person) due to death or disability. As a business owner, you can take out a key man insurance policy on a key team member to help manage the costs of finding a replacement or offset potential financial losses. This type of cover also offers businesses a tax-efficient way to protect their stability and continuity. Consider these key questions and explore the solutions we provide to safeguard your business.
Business
The success of a business is key. There are common risks most businesses are faced with, which can be eased through proper financial planning.
Owner
It is vital for you to be aware of the risks you may face and take all reasonable steps to prevent your business from financial ruin.
Employee
It’s crucial for the business to retain its employees and to provide them with the opportunity to identify, assess and address their financial risks.
What we offer
Business Continuity Assurance provides you and your business with solutions to protect and provide for your business when you no longer can.
Safeguard your business's future
The health, disability, or passing of a business owner can significantly impact long-term sustainability. Without the ability to cover overhead costs, a business risks losing clients, employees, and financial stability. Business Continuity Assurance helps protect your business, ensuring it remains operational and generates income for those who rely on it.
Protect your business from uncertainty
Momentum Entity Protection helps safeguard your business's future by mitigating risks and ensuring continuity through strategic financial planning support.
Ensure business continuity with Momentum Business Assurance
Join thousands of businesses protected by our market-leading life insurance solutions. We help ensure your business remains stable in the event of your passing or an extended absence due to illness or injury.
Key person insurance frequently asked questions
Business owners dedicate their time, effort, and resources to building their businesses. Understanding the risks of being unable to manage them is essential for long-term stability.
Does the business have outstanding debt covered by surety?
Does the business owe money to the owners?
How do I protect my business against the loss of key employees?
Can I cover my business overheads expenses?
Protection for owners
Business owners dedicate significant time, effort, and financial resources to building their businesses. Understanding the risks of being unable to manage them is essential for ensuring long-term stability and continuity.
What will happen to the business when the owner dies, or becomes disabled or is critically ill?
Can I provide for my business overhead expenses and income?
Am I owed money by the business?
How do I make provision through my will?
Protection for employees
Your employees are essential to your business's success. With Momentum Employee, you can empower them to effectively identify, evaluate, and manage their financial risks.
How can you help reduce the impact of death, disability, or critical illness on your employees?
Do your staff members have executable wills?
Related products
To enhance your user experience on our site, learn more about our supported browsers