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Key person insurance protects businesses against the loss of profits if an employee becomes terminally or critically ill, or dies. The money can be used to find a replacement. Key person insurance can help keep the business trading.
Key Person cover is life insurance taken out by a business on the life of a crucial person in the business. It can include critical illness cover. The policy is paid directly to the company or partners.
Key people are individuals whose skills, knowledge, experience or leadership are important to a business' continued financial success.
Key person insurance is a life insurance policy that a business takes out on its most valuable employee or employees. A policy can also include a rider for disability coverage to help if a key employee is disabled. Key person insurance helps safeguard a small business if an imperative employee dies or becomes disabled.
Key person insurance protects businesses against the loss of profits if an employee becomes terminally or critically ill, or dies. The money can be used to find a replacement. Key person insurance can help keep the business trading.

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Key person insurance is a life insurance policy that a business takes out on its most valuable employee or employees. A policy can also include a rider for disability coverage to help if a key employee is disabled. Key person insurance helps safeguard a small business if an imperative employee dies or becomes disabled.
What Is Key Person Insurance? Key person insurance is a life insurance policy that a company purchases on the life of an owner, a top executive, or another individual considered critical to the business. The company is the beneficiary of the policy and pays the premiums.
A key employee is an employee with major ownership and/or decision-making role in the business. Key employees are usually highly compensated either monetarily or with benefits, or both. Key employees may also receive special benefits as an incentive both to join the company and to stay with the company.
Key person cover is a company-owned insurance policy taken out to protect the company from the illness, injury or death of someone who is key to its success. That may be the owner or owners, or it may be a key employee.
Key person cover is a company-owned insurance policy taken out to protect the company from the illness, injury or death of someone who is key to its success. That may be the owner or owners, or it may be a key employee.

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