Dale and Ernie are partners who own and operate Cluck'n Hut, a chain of fast food restaurants. Their partnership obtains insurance on the owners' lives. This is

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The insurance obtained on the owners' lives is key-person insurance, which is a type of insurance that protects businesses from financial loss in the event of the death or disability of a key employee or partner. In this case, the insurance is covering Dale and Ernie, the partners who are crucial to the operation of Cluck'n Hut. Casualty insurance provides coverage for property damage and liability, fidelity insurance protects against employee theft, and liability insurance protects against legal claims.

Dale and Ernie Are Partners Who Own and Operate Cluck'n