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Key Person
Business
WHAT IS IT?
A key person is someone whose knowledge, skills, relationships or role are particularly important to the operation or value of a business.
IN PLAIN ENGLISH
It is the person whose absence could create a significant problem for the business.
SIMPLE EXAMPLE
A business might rely heavily on an owner, technical specialist, salesperson or relationship manager. If that person could not work, the financial impact could be significant.
WHY DOES IT MATTER
Identifying key people helps a business think about continuity, contingency planning and whether protection may be appropriate.
THE ROCKET TEST
A key person is someone whose loss or absence could materially affect the business.
SEE IT IN ACTION
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