Alain and Bette are partners who own and operate Cakes n' Pies,a chain of dessert restaurants.Their partnership obtains insurance on Alain and Bette's lives.This is

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Key-person insurance is designed to financially protect a business from the loss of a key employee or owner. In this case, Alain and Bette are the key persons in the business and the insurance policy is obtained on their lives to ensure that the business can continue operating even if one of them passes away. Disability insurance would be to cover loss of income due to disability, fidelity insurance is to protect against employee theft, and liability insurance covers legal claims against the business.

Alain and Bette Are Partners Who Own and Operate Cakes