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Call our teamWhat would happen if a partner in your medical practice died or was diagnosed with a critical illness? If the practice owns the premises could you make the appropriate payment to their estate without having to find a new partner or arrange “bridging finance”? Keyman or Partnership Protection is a simple medical partnership insurance policy that will pay a lump sum to the practice allowing the share to be retained in the practice and current ownership to continue.
Insuring the ‘key personnel for the benefit of the practice’ will help the practice reduce or even alleviate this problem. The premiums for such a policy are generally not that expensive, but this does depend upon the benefit amount of each insured person.
As an added bonus for our clients, we discount the normal commission we would earn by a substantial amount and pass that saving directly on to you, in the form of lower monthly premiums. To appreciate the savings you can make ask us for two quotes, one on normal commission and one on our discounted rate. It can save you hundreds of pounds a year!
To make an enquiry regarding our Medical Partnership Insurance please click on the ‘Request Quote’ button.
Partnership Protection Insurance, also known as Partnership Insurance or Partnership Buy-Sell Insurance, is a type of life and critical illness insurance designed to protect business partnerships in the event that one of the partners dies or becomes critically ill. This insurance ensures that the remaining partners can buy out the affected partner’s share of the business without financial strain, ensuring the continuity and stability of the business.
Keyman Insurance (also known as Key Person Insurance or Key Employee Insurance) is a life and/or critical illness insurance policy that a company takes out on the life of a key employee. This employee is typically someone whose knowledge, skills, or overall contribution is vital to the company’s success. The business is the beneficiary of the policy, meaning that if the key person dies or becomes critically ill, the company receives a payout.
The primary purpose of Keyman Insurance is to protect a business from the financial loss that may occur if a key employee, whose skills, knowledge, or leadership are crucial to the company’s success, dies or becomes critically ill. This type of insurance ensures that the business has the necessary funds to manage the disruption, continue operations, and, if needed, replace the key person.
Partnership Insurance, also known as Partnership Protection Insurance, is a type of insurance policy designed to protect the financial interests of business partners in the event that one partner dies or becomes critically ill. This insurance ensures that the remaining partners have the funds necessary to buy out the affected partner’s share of the business, thereby maintaining control and continuity of the company.
