Contact Us

Business Protection & Keyman Insurance Advisor in Dubai, UAE & GCC

Request a Consultation

A Business is Only As Successful as People Who Work for It

Protect your business’ best interest by protecting people in your company. Avoid loss of profit in case of disability or death of a key person or a partner with Keyman Insurance and business loan protection.

Secure Financial Future of your Business

As a business, you protect assets like buildings, equipment, and vehicles, but the most important asset – PEOPLE is overlooked very often. One of the key challenges faced by small or medium-sized businesses is the death or illness key employee or a partner.

Hence, business protection strategy has become an inevitable part of business sustainability. Losing a key person or partner does not only affect business profit and market reputation but also the ability of a business to clear out business liabilities.

The issues won’t stop there, recruiting and training to replace a key person also adds to the cost and requires time. Keyman insurance policy ensures business continuity in case of such a loss.

Bespoke Business Protection Plans Meeting Your Industry & Business

Asfar can help you to choose the right keyman life insurance and business loan protection plan to compensate for lost profits, cover recruitment costs, payout loans and help you carry the business as usual.

In UAE Keyman insurance is taken by companies to protect personnel including owners, partners and directors of an organisation, CXOs, and Key employees dealing with financial organisations. In addition to keyman insurance, companies in countries including the UAE and Saudi Arabia are also bound to provide group medical insurance to employees.

Asfar can advise you on Group insurance plans, identify suitable providers and negotiate cost-effective cover on your behalf.

Ensure success and stability of your business by insuring for the unexpected

Book a Meeting
Keyman Insurance

Ensure business continuity in the event of loss of an important member

Business Loan Protection

Choose Business Loan protection plans to repay a loan and suppliers

Group Medical Insurance

Choose from best Group Medical Insurance plans providing healthcare benefits to your employees in the UAE

Group Pension Scheme

Make sure your employees are financially secure in retirement with the right group pension plan for your business

Experience our services

FAQs

Keyman insurance (also called key person insurance) is a life and/or critical illness policy taken out by a business on a key employee or director whose death or serious illness would significantly impact the company's revenue or operations. In Dubai, where many businesses are owner-led or dependent on one or two key individuals, this cover can be the difference between the business surviving or collapsing following an unexpected loss.

A key person is typically someone whose skills, relationships, or knowledge are critical to the business—such as a founder, managing director, top salesperson, or a technical specialist. If their absence would lead to lost revenue, difficulty servicing clients, or operational disruption, they are likely a key person. Your advisor at Pro Financial Solutions will help you identify and quantify the financial risk each key individual represents.

The sum assured is typically calculated based on the individual's contribution to company profit or revenue, the estimated cost to recruit and train a replacement, and the time it would take for the business to recover. A common approach is to insure a multiple of the key person's annual salary or their proportional share of company profits. Pro Financial Solutions will model different scenarios to arrive at a suitable coverage amount.

The UAE does not have corporate income tax on most businesses (subject to the recent 9% corporate tax rules for profits over AED 375,000). The tax treatment of keyman insurance premiums will depend on how the policy is structured and your specific business setup. Your financial advisor will work alongside your accountant to ensure the structure is optimal for your business.

Yes. Keyman insurance can be structured to cover outstanding business loans, ensuring the company is not burdened by debt if a key person dies. It can also be written as a shareholder protection policy, giving surviving partners or shareholders the funds needed to buy out a deceased partner's share and maintain control of the business. Pro Financial Solutions can structure a combined plan that addresses multiple business protection needs.