Yes — trauma cover (also called critical illness cover) can be included in a key person insurance package alongside life and TPD. Trauma pays a lump sum on diagnosis of specific medical conditions defined in the policy (typically including cancer, heart attack, stroke, major organ failure, and a panel of additional conditions — the panel insurers list 40+ conditions, with Zurich's PDS recording 43 full benefit conditions plus 13 partial benefit conditions, and TAL's listing 40 conditions). For a business, a trauma payment funded through key person cover can be used to bridge a working-capital shortfall during the key person's recovery, fund interim management or replacement costs, or pay down debt while the diagnosis is being managed. Unlike TPD, which requires permanence, trauma pays on diagnosis regardless of whether the key person ultimately returns to work — which is a more useful trigger for short-to-medium term business disruption. Trauma cover for business purposes is typically held by the business as policy owner. Tax treatment depends on the documented purpose: revenue purpose (operational continuity) is generally treated similarly to revenue-purpose key person cover (potentially deductible premiums, assessable proceeds), while capital purpose follows the capital regime. Review the trauma condition list across the panel before selecting an insurer — survival periods (typically 14 days), partial-benefit conditions, and reinstatement clauses also vary materially.