The loss of a key employees can be devastating for a company. In the worst case scenario, it can turn a successful company into a failing one. For example, 70% of businesses stop trading within 5 years on the unexpected loss of a founder. The percentage of companies that have Key Man Insurance is actually small. But a recent survey by Legal and general highlighted 95% of businesses have at least one key individual that the business mostly depends on for its main source of income. However the majority of those companies had no contingency plans in place to deal with the death or serious illness of that individual.