Key Person insurance
A key person, business owner, executive or leader can drive a company’s success. If that person ever becomes incapacitated, the business may suffer significant financial loss – or even ruin.
Examples
Tokio Marine HCC’s Key Person insurance is an accident and sickness policy aimed at businesses that are dependent on key individuals.
Investments An investment firm provides capital to a technology start-up that relies on the expertise, knowledge and network of a key individual. CAP and PTD insurance on this key person safeguard their investment.
Coverages Businesses concerned about protecting and insuring their key individuals can benefit from our coverages. We cover: • Accidental Death (AD) If a key person dies as a result of an accident • Critical Asset Protection (CAP) If a key person dies as a result of an accident or sickness • Permanent Total Disablement (PTD) If a key person’s career ends due to an accident or sickness
Top revenue generator A recruitment company’s revenue depends heavily on their leading salesperson. CAP and PTD insurance offset any financial loss in case of death or permanent disability of that leading salesperson.
M&A A multinational firm acquires a sustainability company and signs its CEO to a multi-year contract to ensure success postacquisition. CAP and PTD insurance on the CEO protect against business failure due to the death or permanent disability of the CEO. Bank loans A construction company needs an injection of capital to support its next project. As part of a loan agreement, the bank requires the company to purchase CAP insurance on their leading project manager to guarantee the unpaid balance of the loan in the event of the project manager’s death. Buy/Sell The co-founders of a pharmaceutical company sign an agreement requiring the firm to buy back their shares if they die or become permanently disabled. CAP and PTD insurance protect this financial obligation.
In the event of the loss of a key individual, Key Person insurance helps reduce the financial strain and supports the ongoing success and growth of the business.
Tokio Marine HCC and Key Person insurance
About Tokio Marine HCC
Tokio Marine HCC has vast experience and expert knowledge when it comes to insuring key persons and we also offer a market-leading level of financial insurance capacity.
Tokio Marine HCC is a leading specialty insurance group conducting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Headquartered in Houston, Texas, the company comprises of highly entrepreneurial teams equipped to underwrite special situations, companies and individuals, acting independently to deliver effective solutions. Our products and capabilities set the standard for the industry, as many of our employees are industryleading experts.
Our insurance pays out in a lump sum, meaning that should the worst happen, your business can continue operating, confidently.
Tokio Marine HCC’s insurance companies are highly rated* *Ratings at the time of printing
More information about our financial strength here:
Standard & Poor’s
TMHCC
A+ (Strong)
A.M. Best Company
A++ Fitch Ratings
AA-
(Superior)
tmhcc.com/en/about-us
(Very Strong)
Contact us UK Jon Ashby Underwriter – Disability Tel: +44 (0)7739 021795 jashby@tmhcc.com
Europe Matthew Gandy Senior Underwriter – Disability Tel: +44 (0)7590 929983 mgandy@tmhcc.com
Anthony Osterrieth Head of International Business Development – Specialty Group Tel: +32 475 540 538 aosterrieth@tmhcc.com
tmhcc.com Tokio Marine HCC International
A member of the Tokio Marine HCC group of companies Tokio Marine HCC is a trading name of HCC International Insurance Company plc (HCCII), and Tokio Marine Europe S.A. (TME), members of the Tokio Marine HCC Group of Companies. HCCII is authorised by the UK Prudential Regulation Authority and regulated by the UK Financial Conduct Authority and Prudential Regulation Authority (No. 202655). Registered with Companies House of England and Wales No. 01575839. Registered office at The St Botolph Building, 138 Houndsditch, London EC3A 7BT, UK. TME is authorised by the Luxembourg Minister of Finance and regulated by the Commissariat aux Assurances (CAA); registered with the Registre de commerce et des sociétés, Luxembourg No. B221975 at 26, Avenue de la Liberté, L-1930, Luxembourg. The policyholder will always be informed of which insurer in our group will underwrite the policy according to jurisdiction. Not all coverages or products may be available in all jurisdictions. The description of coverage in these pages is for information purposes only. Actual coverages will vary based on local law requirements and the terms and conditions of the policy issued. The information described herein does not amend, or otherwise affect, the terms and conditions of any insurance policy issued by Tokio Marine HCC Group of Companies. In the event that a policy is inconsistent with the information described herein, the language of the policy will take precedence. TME_KeyPerson 06/2025