English Noun key person insurance ( uncountable ) ( business , insurance ) An insurance policy taken out by a business to compensate that business for financial losses that would arise from...
Key person insurance , also called keyman insurance , is an important form of business insurance. There is no legal definition of "key person insurance". In general, it can be described as an insurance policy taken out by a business to compensate that business for financial losses that wou...
Key person insurance is a life insurance policy that a company purchases on an owner, a top executive, or another individual critical to the business.
Key man insurance, also known as key person insurance, protects a company against massive losses if a vital staff member dies or becomes critically ill.
Key person insurance is a type of life insurance that helps compensate a business if the owner or main employee dies. For example, a small business owner may choose to take out a policy on himself...
Key person insurance can help protect your business from the financial impact of losing a key person. Learn more here.
English Alternative forms keyman insurance Noun key man insurance ( uncountable ) Synonym of key person insurance
Key person insurance is life insurance and/ or illness insurance on a key employee of a business. A key person is a business partner/owner or
Getting key man or woman insurance in place can support your business in difficult times. Read our guide to how key person cover works.
( countable and uncountable , plural key person risks ) ( business ) A risk carried by an organization that depends to a great extent on one individual for its success. key person insurance