Key man insurance

Key man insurance is a life insurance policy purchased by companies to insure itself from the economic impact of a loss on one of their key executive or employee. The beneficiary is the company that purchased the insurance policy. The purpose of this insurance policy is to cover the company on potential monetary loss due to the fact that its operations, or research and development quality will deteriorate if a key employee is lost. This deterioration in quality may result in decreased future profits.

Stocks | Forex | Options | Economics | Bonds | History | Language learning | Technology | Technical Analysis | Fundamental Analysis
Copyright © 2014 econtrader | Risk disclosure | Terms of Use