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Key Man

   Also found in: Dictionary/thesaurus, Legal 0.01 sec.
Key man (or woman) insurance
A life insurance policy purchased by a company to insure the life of a key executive. The company is the beneficiary in case of the executive's death.

Key Employee
A very important employee. A key employee may have contacts highly beneficial to the company, may work hard and generate more revenue than any other employee, or may have some other skill that would be difficult or impossible to replicate in another employee. Often, but not always, a key employee is a manager. A company may purchase key person insurance to protect itself against the possibility that an employee may unexpectedly die or become unable to work, which would deprive the company of his/her skills.


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Byline: Roy Gaunt, Special to Gulf News I read a recent article on Partnership Insurance and a colleague mentioned to me that I should be considering Key Man Insurance in relation to my business.
Key man : Eduardo Prediction : Wenger is unlikely to see any of the thousands of fouls his players will commit this season.
But there is another step that might be the most important step you ever take toward protecting your business' future: having key man insurance.
 
 
 
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