Keyman or key person compensation scheme, compensates a business loss which arises due to death, disability or illnesses of its important employees. Very often, when the key person is unable to oversee or monitor its portfolio for a stipulated period, projects will be delayed. Compensation may have to be paid due to the delay, which will eventually affect the companies’s profitability. Some companies set up this scheme for the benefit of its key executives. Part of the compensation is given to its key executives as token of appreciation in the even they looses the ability to work due to health reasons or disability. Meet one of our advisor today if you need further details!