Key Man Insurance is a type of life insurance policy taken out by a business on a key employee or founder. Here’s what it’s all about: Protects the business: Covers financial losses if the key person dies or becomes incapacitated Covers financial impact: Helps replace lost revenue, recruit and train a replacement, or pay off […]
This is an important policy for organisations particularly startups to manage the setback of losing a critical employee. What is Keyman Insurance Policy? When a company feels that the loss of certain employees can significantly impact its performance, then it purchases a Keyman Business Insurance Policy where: · The policy is proposed by the company · Premium […]