Insurance that compensates for the loss or unavoidable absence of crucial employees in the firm is called:
A)key personnel insurance.
B)business liability insurance.
C)property insurance.
D)business interruption insurance.

Question

Quizplus · Accepted Answer

Key personnel insurance, also known as key person insurance or key employee insurance, provides financial protection to a company in the case of the loss of a critical employee or executive. This insurance can help cover the costs of finding a replacement, covering lost profits, and paying off debts or obligations.

Insurance That Compensates for the Loss or Unavoidable Absence of Crucial