Key person insurance
Financial help if central leaders or other key people in the company suffer from illness or die.
What is key person insurance?
In a small or medium-sized business, there may be major financial consequences if a key person dies or becomes ill for a long period of time. Key person insurance ensures that the company receives financial assistance if this should happen.
- The company enters into an insurance agreement in which the company is the owner of the insurance policy and the key person’s life is insured.
- Up to 7 key people can be insured in one agreement and they can have different insurance coverages and sums insured.
- The disbursement can be freely spent by the company for, among other things, new employees, the purchase of external services, conversion capital or to strengthen equity.
Key person insurance FAQ
Have you suffered from an accident, injury or illness?
The easiest way is to report the incident via our digital solution in the online bank.
- Submit your report here
Our personnel insurance
Workers’ compensation insurance
Covers employee injury and illness
Travel insurance
Peace of mind if something should happen while travelling
Leisure accident insurance
Covers accidents or injuries that occur during leisure time
Group life insurance
Provides a one-off payment to the bereaved on the death of an employee
Group accident insurance
Peace of mind for your employees if they have an accident
Partnership protection insurance
The insurance is a financial hedge against the partnership protection agreement
Key person insurance
Disbursement if a key person dies or becomes incapacitated for work
Health insurance
Ensures that employees of the company receive quick treatment
Sickness assessment insurance
Employees receive disbursements for the first few years of the incapacity period
Income protection insurance
Covers the company’s ongoing operating costs if you should become ill
Sick pay insurance
Covers salary payments to employees on sick leave
Other sickness insurance
Insures your employees even when the illness isn’t work related
Pension and insurance package
The package that covers the statutory requirements
Provider of the insurance
The insurance is provided by DNB Livsforsikring AS.