key person insurance
Definition
Life and/or disability insurance on one (or more) key persons whose loss or unavailability may cause loss of profit, goodwill, or increase in expenses. These insurance policies help finance the search and training of a successor, or compensate for fall in profits. Also called key employee insurance.
Popular 'General, Marine, & Life Insurance' Terms
key person insurance in the news
This content can be found on the following page:
http://www.businessdictionary.com/definition/key-person-insurance.html







