A revenue insurance policy protects your business against loss of income when a key employee or company director is temporarily unable to work due to illness or an accident.
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Turnover insurance
In many companies, a significant part of the revenue depends on one or a few key people. When such an employee or business manager suddenly becomes unavailable due to illness or an accident, it can have a direct impact on the company's income.
Turnover insurance helps your business absorb that financial shock. The insurance provides compensation when a key person is temporarily unable to work, allowing your company to maintain the continuity of its activities.
Van Dessel helps you determine the right protection, tailored to the structure, dependencies, and financial risks of your business.
What is a turnover insurance?
A turnover insurance (also known as key person insurance) protects businesses against loss of revenue when an important employee or company executive becomes incapacitated due to illness or an accident.
Some companies are highly dependent on specific individuals, for example because they:
- Manage the most important client relationships
- Have unique expertise or technical knowledge
- Are responsible for sales or production
- Play a crucial role in the daily operations of the company
- Hold an important role in generating revenue
When such a key person drops out temporarily or for an extended period, it can lead to a noticeable decline in business income.
A turnover insurance partly compensates for this loss through a periodic payment. This compensation helps, for example, to:
- Organise temporary replacements
- Continue paying fixed costs
- Absorb the financial impact of declining turnover
In this way, the insurance supports the continuity of your business during difficult periods.
What are the benefits?
Covers loss of revenue when a key person becomes incapacitated.
Provides financial support to continue paying fixed business expenses.
Provides temporary financial breathing space to find or train a replacement.
Covers the continuity and stability of your business in the event of unexpected absence.
Who is this insurance for?
A revenue insurance policy is relevant for companies where business results are highly dependent on one or more specific individuals.
This is often the case for:
- SMEs and family businesses
- Management companies
- Consultancy and advisory firms
- Technical or specialized companies
- Businesses with a strong commercial key figure
- Companies where the manager plays a central operational role
The smaller or more specialized a company is, the greater the impact of losing a key person often becomes. A revenue insurance policy can then provide an important buffer against unexpected financial shocks.
What is covered and what is not?
What is covered?
- Loss of revenue due to the incapacity for work of a key person
- Incapacity for work due to illness
- Incapacity for work resulting from an accident
- A regular benefit throughout the period of incapacity for work
- Financial support to help cover fixed business expenses
What is not covered?
- Incapacity for work resulting from intentional acts
- Pre-existing medical conditions that were not disclosed
- Situations falling outside the contractual cover
- Events occurring during the applicable waiting period
How much does this insurance cost?
The premium for a revenue insurance policy is calculated based on several factors.
Important elements include:
- The age of the insured key person
- This person's smoking habits and role within the company
- The amount of the desired compensation
- The chosen waiting period before payments begin
- The duration of the insurance
- The medical assessment of the insured person
Since every company is organized differently, a revenue insurance policy is always customized. This ensures the coverage closely matches your company's financial reality.
Stories from our customers
Groep Steylaerts
Patrick Steylaerts: “Wij hebben het volste vertrouwen in onze verzekeringspartner Van Dessel.”
Germo bvba
Bram Gers: "Vooral het maatwerk is de reden waarom ik met Van Dessel in zee ben gegaan."
Van Wellen Group
Tom Bolsens: "We waren verrast dat er uit zo'n kleine hoek dreiging kon komen."
Our promise to you
Personal & involved
a tailor-made partner
We start from your specific situation and take the time to thoroughly understand your risks, needs, and objectives. This way, you receive advice and guidance tailored to your business and everyday practice.
Expertise & experience
already 80 years in insurance
Thanks to our years of experience, we analyze your risks and insurance needs with a broad perspective. We provide a well-thought-out approach, clear solutions, and the right protection for your business.
Customization & innovation
beyond standard insurance
No standard formulas, but solutions tailored to your activities and challenges. From analysis and implementation to support in case of claims: we provide an approach that works in practice.
Would you like to receive a quote?
We analyze your activities, contractual obligations, and risks. You will receive a clear, tailored proposal for your business.
Request a quote without obligation or contact us for personal advice.
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