Adam and Britney are partners who own and operate Chick'n Hut,a chain of fast food restaurants.Their partnership obtains insurance on Adam's and Britney's lives.This is

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Key-person insurance is typically purchased by businesses to protect against the loss of a key employee or partner. In this case, Adam and Britney are both key persons in the operation of Chick'n Hut, and the insurance policy on their lives would provide financial support to the business in the event of their death. Casualty insurance, fidelity insurance, and liability insurance are all types of business insurance, but do not specifically address the loss of a key person.

Adam and Britney Are Partners Who Own and Operate Chick'n