Key person cover is designed to protect smaller businesses from the many disruptive scenarios that may be encountered when losing a key member of the team. In smaller organisations, should a key person die or be unable to work due to illness, their absence can result in significant loss and stress. The key person may have brought valuable business development skills, a raft of business contacts, a high-level of expertise on which revenues rely or the means to raise vital funds for future projects. The lump sum payout can then be used to help lessen the financial blow to the business and help ensure a high-level of business continuity.