EMPLOYEE COVER

This cover is available with most types of Lombard finance, whatever the asset. It covers any eligible person in your business who works 16 hours or more a week.

There are three levels of cover:

• Keyman - life and personal accident cover
• Keyman Plus - life and personal accident, plus accident and sickness cover
• Keyman Extra - life and personal accident, plus critical illness cover

Find out more

Keyman Protection key facts summary (PDF, 60Kb, opens in a new window)

Life and personal accident cover

Keyman Protection gives your business a standard level of cover:

• Outstanding finance balance settled in full - in the event of death or a serious accident.
• Up to 10 years' protection - covers Lombard finance agreements of up to 10 years' duration.
• No medical required - easy to arrange cover for eligible employees.
• £150,000 maximum benefit payable - cover in excess of this level requires medical underwriting.

The settlement doesn't cover arrears for more than three months and any related interest or VAT.

Add accident and sickness cover

Keyman Plus gives you accident and sickness cover in addition to the essential cover provided by Keyman. In the event of a successful claim, Keyman Plus provides:

• Monthly repayments - when a nominated employee is absent from work due to accident or sickness for 30 consecutive days, the normal monthly repayment will be made.
• Continuing payments - monthly payments continue for each subsequent full 30 days of inability to work. The maximum payment term is 12 months in any one claim, or until the employee returns to work, or when 24 payments have been made in total under the policy, whichever is earliest.
• £3,000 monthly maximum benefit - cover levels in excess of this level requires medical underwriting.

The accident and sickness cover applies for a maximum term of up to five years.

Add critical illness cover

Keyman Extra gives you critical illness cover in addition to the essential cover provided by Keyman.

In the event of a successful claim, Keyman Extra provides:

• Finance balance settlement - payment of the balance required to settle your finance agreement if the nominated employee is diagnosed with one of the conditions covered. This doesn't cover arrears of more than three months and any related interest or VAT.
• Cover against major disorders - including heart attack, cancer, stroke or kidney failure, or has to undergo major organ transplant or coronary artery by-pass surgery.
• No medical required - for sums insured up to £150,000. Medical underwriting is required for higher cover levels.

Who is eligible to be nominated for Keyman cover?

	YES	NO
If you've answered "yes" to all of the above questions, you're eligible to take advantage of Lombard Keyman protection.
Is the nominee over the age of 18?
Is the nominee under the age of 65?
Is the nominee a key employee working over 16 hours per week?
Is the company registered office in the UK?
If taking out the policy on an individual basis are you a UK resident, aged over 18 and under 65, in active full time employment for at least 16 hours per week and have been so continuously for at least the previous six months?

To arrange cover, simply contact us. You can only take cover alongside a finance agreement arranged by Lombard.