Key Person Insurance – Protect your business finances
If you or one of your crucial employees is on extended sick leave, it can be a significant financial burden for your business. With key person insurance, you won't be alone in facing the economic consequences.
As an IDA member and business owner, you can secure possibly the most affordable key person insurance in the market and choose which of your employees you want to insure.
3 reasons to invest in key person insurance
Prolonged sick leaves among your employees could lead to significant financial losses. With insurance, you can avoid the most substantial financial worries.
Coverage expenses during illness
You and your business are covered if one or more insured employees fall ill and are on sick leave for 3-52 weeks. Compensation is paid out regularly.
Salary expenses in accidents
You are covered if you or an employee is injured in an accident and needs to go on sick leave. The insurance covers the loss of salary expenses for 3-52 weeks.
Compensation for stress
If one of your employees is on sick leave due to stress, you and your business are also covered. The company receives an amount equivalent to the employee's salary.
Several benefits of key person insurance
Key person insurance offers various advantages, providing financial support if you or selected employees are on extended sick leave. Here are several benefits:
- You get coverage even with previous illnesses.
- Sick pay is not deducted from the insurance sum.
- You don't need to provide health information about yourself and your employees.
- You get an easy and flexible payout of your sick leave employee's salary.
- You decide which employees to insure as long as they are directly responsible for part of the company's revenue.
Without this insurance, you may face significant expenses for operations and salaries for employees who are not working. The insurance provides peace of mind, knowing that you have a financial safety net for you and your business.
Save money with a simple switch to key person insurance
You can save thousands of Danish Kroner by switching to our key person insurance online in just a few easy steps.
Understanding your key person insurance coverage
Key person insurance provides extensive coverage for your business, including operational and salary expenses during extended sick leave.
See below for a breakdown of how key person insurance covers you.
IDA Key Person Insurance
Report a claim to ADIS
We offer insurance in collaboration with ADIS. They are the ones you should report a claim to.
You can do this by calling 70 27 70 72 or emailing sme.kundeservice@adis.as.
Terms and Conditions & product information
Key Person Insurance
To view the insurance policy, kindly get in touch with ADIS by dialling +45 70 27 70 72 or sending an email to sme.kundeservice@adis.as.
Partner:
ADIS
Terms and Conditions & product information
Key Person Insurance
To view the insurance policy, kindly get in touch with ADIS by dialling +45 70 27 70 72 or sending an email to sme.kundeservice@adis.as.
Partner:
ADIS
Contact
Call or write to IDA Forsikring
Would you like to request for insurance or have any questions?
Phone:
70 21 01 91