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 person insurance keeps your business running if an owner passes away. We compared the best keyman insurance carriers based on policy options, costs, and more.
Key person insurance can help protect your business from the financial impact of losing a key person. Learn more here.
Key person insurance ; Hope for the best; plan for the worst · In small businesses, the loss of a key employee poses an exponential risk. Who else can do everything they do? Luckily, this insurance can help your small business clients better plan for a future they don’t want to imagine. Businesses carry insurance coverage to protect their business from the loss of property and equipment, but what about their most valuable asset — their key employees? · A key employee may be the owner, a partner, a top executive or an important member of t ...
insured person dies. In exchange, the policyholder pays premiums to the insurer during their... Key Takeaways Life insurance is a legally binding contract that promises a death benefit to...
The loss of a key-person can seriously impact a business. Key-Person Life Insurance can help you deal with the unexpected. Learn more.
Key person insurance offers you valuable protection for the future success of your business by having your company take out an insurance policy on a key employee, pay the premiums and become the be...
Getting key man or woman insurance in place can support your business in difficult times. Read our guide to how key person cover works.