Watts Mortgage and Wealth Management

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Keyperson Insurance

Keyperson Insurance

What is key person protection?
Key person insurance helps safeguard a business against the financial effects of the death or critical illness of a key member of staff. It’s designed to provide a financial buffer in the event of a person who is key to your company’s operation and success becoming permanently or temporarily unable to make their normal contribution to the business. Proceeds would generally be used to replace the lost profits to the business or perhaps hire a replacement. Most businesses will be able to identify a few key people who, if they were suddenly removed from employment, would cause a financial shock and cash flow issue.

Who is a key person?

Key persons are any individuals whose knowledge, relationships, skills or leadership make an important contribution to a business’s continuing success. This can be equally as important to small businesses as larger entities.
Determining the level of cover
Quantifying the level of cover required to mitigate the risk of the loss of a key person can be difficult, and this is an area that we can support and give advice in. It can reflect the estimated loss of income to the business, for example the loss of profit that would have been made by a key salesperson. It can also include issues such as the cost of finding, hiring and training someone to the same level as that of the lost employee.

To know more about protection then simply gives us a ring on 01270 620555, or email us at .(JavaScript must be enabled to view this email address) and one of our team of Protection Specialists will give you a call straight back.

Your home or property may be repossessed if you do not keep up repayments on your mortgage.

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As a property developer, it is paramount to me that the people I deal with always provide me with first class service. Andrew and his team at Watts have always delivered on this, providing me with expert advice in a professional and efficient manner.

Mr J Beeson


life &
critical illness

With advances in medical care more and more people are now surviving illnesses once thought to be fatal.


Protection insurance is designed to help when the things we hope will never happen to us, do!


Protecting your future is important and Income Protection can protect your income and make sure that money is there when you need it most.

accident, sick &

This cover can give you the peace of mind of knowing that in the event of redundancy or illness your mortgage payments will be made.

building &

Your home is probably the largest single financial commitment you will make in your lifetime, so protecting it is so important.


You insure your car, your home, and your valuables - isn’t your health the most important asset of your life?

life plan

Relevant life insurance is a tax efficient way of a company providing life insurance for its employees, including directors of limited companies.

director shareholder

Directors’ shareholder protection is insurance that is specifically designed to ensure that should one the shareholding directors die or be diagnosed with a terminal illness the remaining shareholders will have access to sufficient capital to buy the deceased’s shares from his/her estate.


Key person insurance helps safeguard a business against the financial effects of the death or critical illness of a key member of staff

mortgage tools

Calculators to help you plan your mortgage payments and stamp duty rates.


Read what some of our existing clients have to say about our services.

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Watts Mortgage & Wealth Management Ltd is directly authorised and regulated by the Financial Conduct Authority.

We are entered on the Financial Services Register No 624815 at www.fsa.gov.uk/register/home.do

More information is available on mortgages from the Money Advice Service. www.moneyadviceservice.org.uk

Where you have a complaint or dispute with us and we are unable to resolve it to your satisfaction then we are obliged to offer you access to the Financial Ombudsman Service. Please see the following link for further details www.financial-ombudsman.org.uk

Your property may be repossessed if you do not keep up repayments on a mortgage or any other debt secured on it.

For details of our fees for mortgage business please click here.

The FCA does not regulate some forms of mortgages. The FCA does not regulate taxation advice, trust advice and some forms of buy to let mortgages.