A small company can protect itself against the death of important personnel by carrying key person insurance.

Question

Quizplus · Accepted Answer

Key person insurance, also known as key employee insurance, is a life insurance policy taken out by a company on the life of one or more employees whose loss would have a significant impact on the business. It helps protect the company against financial losses that might arise if that key person were to die or become disabled.

A Small Company Can Protect Itself Against the Death of Important