Spot for Key Person Insurance
We help you decide who to insure and for how much, then compare key person quotes with you and help you buy.
Your Spot team collects the person’s role, ownership share and compensation, the relevant business financials and any existing coverage, and writes up how you arrived at the amount you’re asking for.
Spot checks who owns the policy, who’s insured and who receives the proceeds, so money meant for the business isn’t set up like a family life policy. Buyout funding and disability stay separate conversations.
Key person insurance
Orbit Software · Policy review
Confirm with your broker
Limits, exclusions, and endorsements
Brokers take your request to market, and we compare each proposal’s term against how long you expect to need it, with premiums over that period, renewal options and what’s guaranteed.
Key person insurance
Coverage limits · Policy terms
Orbit Software
The policy, application and your reasoning for the amount stay together. When a role changes or the term nears its end, raise it in Slack and your Spot team brings the review forward.
TaylorOrbit Software
Let’s prepare the information for your broker and compare the terms, not just the price.
Key person insurance policy
Coverage terms · Limits
Share what you do, where you work, the policies you have and any contracts that ask for insurance.
Spot turns it into an application that describes your business the way insurers need to see it.
Spot handles the procurement, sending it to the insurers and markets that cover businesses like yours and chasing every quote.
We put the quotes side by side on limits, exclusions and terms as well as price.
You choose. Spot places the policy for you, and certificates are ready when a customer or landlord asks.
Customer relationships, product knowledge or fundraising may rest on one or two people the business couldn’t quickly replace.
A partner who runs daily operations leaves a gap in the work itself, separate from any question about buying out their share.
A key person doesn’t have to be an owner. A senior engineer or top salesperson can be the one the business relies on.
When a handful of people run sales, product and operations, losing one of them can stall the business while you recruit and train a replacement.
What each industry usually faces, and where Spot fits in.
Startup business insurance help: general liability, tech E&O, cyber, property, workers’ compensation and D&O, compared the moment a contract or hire asks for them.
Get quotes from key person insurance providers with Spot.
If a founder holds the key customer relationships or the technical knowledge, estimate what the business would lose if they died and how long a replacement would take.
The person you insured may no longer be the one the business leans on, or the amount may no longer match their contribution. Update both before the next premium is due.
Add them to the conversation once their role is clear. A non-owner employee can be a key person too.
Ask what renewal options the policy offers and which values or benefits are guaranteed. Start early, while you can still compare them with new proposals.
Funding an owner’s buyout, covering overhead during an owner’s disability and protecting the business after a death are different objectives. Spot keeps them apart so one policy isn’t asked to do another’s job.
Also known as key man insurance, keyman insurance, key person life insurance, key man life insurance and key employee insurance.
Get quotes from key person insurance providers with Spot. Keep your broker or switch, with no commissions on premiums.
Get StartedRead these before you choose a policy or an insurer.
