Executive Coverage
Life and critical illness insurance on your company's most valuable individuals — protecting business cash flow, loan security, and shareholder value against the loss of a key contributor.
Backed byAXA · Chubb · Allianz · Zurich · Manulife
“When our co-founder passed suddenly, the keyman policy we had arranged with TRS covered six months of operational costs while we recruited a replacement and stabilised the business.”
Executive Coverage
Pays a lump sum to the company on the death of an insured key person — covering projected revenue loss, recruitment costs, and business disruption.
Pays out on diagnosis of a covered critical illness affecting the key person — providing replacement income and resources while they recover.
Coverage amount matches outstanding business loans — ensuring the company can repay borrowings if the key person who secured them passes away.
Funds shareholder buyout agreements, allowing surviving partners to purchase the deceased partner's stake at an agreed-upon valuation.
Anyone whose loss would materially impact business revenue or operations — typically founders, sales directors, lead engineers, or relationship managers.
The sum insured is typically a multiple of the key person's salary or revenue contribution, or the value of business loans they personally guarantee.
Premiums may be tax deductible if the policy is for a genuine business purpose and the company is the beneficiary. Consult your tax advisor.
In most keyman arrangements the company owns the policy and is the beneficiary. Shareholder policies may be cross-owned between partners.