Business Insurance:
Protect against the unexpected loss of a critical contributor

Key Person Insurance

Every business relies on its employees to function and thrive, but some individuals play what can fairly be called a critical role in a company’s success. These “key persons” possess unique skills, experience, or relationships that can be critical to the day-to-day operations and future prospects of the business.
A key person insurance policy, also known as keyman or key woman insurance policy, is a financial tool designed to safeguard a business in the event of the death or disability of such a crucial employee.

How it Works

Benefits

Financial Cushion

Financial Cushion

The death benefit provides much-needed capital to the business during a challenging period. This money can be used to cover various expenses, including:

  • Hiring and training a replacement employee
  • Maintaining operational continuity
  • Covering lost revenue
  • Paying off debt

Business Continuity

Business Continuity

Losing a key person can disrupt operations and potentially jeopardize the future of the company. Key person insurance helps mitigate this risk by providing resources to ensure a smoother transition.

Loan Requirements

Loan Requirements

Some lenders might require businesses to have key person insurance in place as a condition for securing financing.

Who Needs It?

Small Businesses

Entrepreneurs and owners are often the lifeblood of their startups. Their absence can have a crippling effect.

Businesses Reliant on Specialized Skills

If a company depends heavily on an employee with unique expertise or critical industry relationships, their loss can be immensely damaging.

Key Executives

High-level managers responsible for driving sales, managing large projects, or possessing vital industry knowledge can be irreplaceable in the short term.

Key Considerations

Cost

Premiums are based on the employee's age, health, and the amount of coverage.

Tax Implications

Consult a tax advisor to understand the tax treatment of premiums and payouts.

Choosing the Right Employee

Not every employee qualifies. Analyze which individuals are critical to the business's success and difficult to replace.

Conclusion

Key person insurance offers a valuable safety net for businesses. By mitigating the financial impact of losing a vital employee, it helps ensure the company's stability and increases its chances of weathering unexpected circumstances.

Your next step is to have a conversation with an expert, to determine your specific needs and identify solutions that meet them. We’re ready to help —
no obligations, no fees, no pressure.

We will never sell or use your personal information for any reason other than to provide these services.

Our business insurance solutions

Key Person Insurance

Protects the company from the consequences of losing an employee who is critical to its success

Cybersecurity Insurance

Provides protection for the risks associated with doing business online, primarily data breaches

Professional Indemnity (errors and omissions)

Covers the business against claims of negligent services or advice that caused client losses or damages

Directors and Officers

Protects directors and officers of a company against the costs associated with claims that they made errors or neglected key details in the course of their duties

Property Insurance

Provides protection for your physical business location, equipment, supplies and inventory

Public and General Business Liability

Protects against bodily injury and property damage related to a business, as well as libel and other issues with advertising

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Open Hours:

Mon – Fri: 8.30 am – 6 pm, Saturday – Sunday: CLOSED

Johannes Heikkila

Advisor
From Finland
Expat for 1 year
Speak Finnish, English & Spanish

Speciality:
- Health Insurance
- Savings Plans

Robert Cunningham

Advisor
From the UK
Expat for 13 years in Thailand & Vietnam
5 years' insurance & financial services

Speciality:
- Health Insurance
- Life Insurance
- Savings Plans

Romain Camillo

Senior Advisor
11 Years in Insurance & Financial Services
Expat in thailand for 7 years
Joined Tenzing in 2020
Speaks French & English


Speciality:
- Health Insurance
- Life Insurance
- Savings Plans"

Nancy Dao

Advisor
From Vietnam
International Business from UK
Lived in Singapore
Speaks Vietnamese & English

Speciality:
- Personal Health Insurance
- Group Health Insurance

Hunter Deems

Advisor
10 years' experience in insurance and investments
Joined Tenzing in early 2020

Speciality:
- Investments
- Savings Plan
- Health & Life Insurance
Patrik Shore Tenzing Pacific Services

Patrik Shore

Senior Advisor
From Sweden & New Zealand
7 years' insurance experience
Joined Tenzing in 2019
Crim Science
Speaks English and Swedish

Speciality:
- Savings Plans
- Health Insurance
- Life Insurance

Geoffrey Mann

Advisor
From the US
Employee benefits & insurance compliance background
Joined the Tenzing team in 2019
Law degree from the US

Speciality:
- Personal Health

Nhu Nguyen

Senior Advisor
From Vietnam
Joined Tenzing in 2017
Fluent in Vietnamese & English

Speciality:
- Group Health & Life Insurance
- Personal Health"
Tenzing's advisor

Ian Comandao

Health Insurance Manager
From Philippines
MBA from Duke University
Expat for 20 years in US, China, Hong Kong & Vietnam Worked at Tenzing since 2018
Fluent in English, Tagalog, Mandarin

Speciality:
- Personal Health Insurance
- Group Health Insurance
- Business Insurance

Craig McAvinue

Director of Wealth Management
From the UK
25 years' expereince in investments & insurance
Expat in Thailand for 5 years
Chartered Accountant by trade
Holistic approach to consulting his clients

Speciality:
- Investments
- Savings Plans
- Health & Life Insurance

Quinn Miller

CEO & Managing Partner
From the US
Joined Tenzing in 2014
Expat for 10 years in Vietnam
Finance & Entrepreneurship Degrees

Speciality:
- Group Health Insurance
- Life Insurance
- Savings Plans"
  • 84 35857 2629
  • 84 35857 2629
  • quinn.miller@ten-pac.com

Quinn Miller

CEO & Managing Partner
From the US
Joined Tenzing in 2014
Expat for 10 years in Vietnam
Finance & Entrepreneurship Degrees

Speciality:
- Group Health Insurance
- Life Insurance
- Savings Plans"