If you own your own business, you’ll have insurance in place for your buildings, stock and vehicles, and you will be likely to have public liability insurance. You may also be insured for professional indemnity and legal costs - but have you considered insuring your most important assets - your key staff?

In the UK there are 3.9 million small, often family, businesses with up to four employees - if one of those key staff were to die or fall seriously ill, it could mean the end of the business, and this goes for limited companies, partnerships and sole traders.

If you are one of those people then you should seriously consider Keyman Insurance, and here’s why. Keyman Insurance financially protects businesses from the effects of serious illness or death of staff who are central to the success of the company. It does this by providing cash when you need it most, so you can cover loss of profits, inject more cash into the business, or take on temporary staff.

There are actually four different types of Keyman Insurance: