Key person, also known as key man life insurance, is a specialized policy a business can purchase for an owner or partner, key executive or another employee considered critical to business operations.

Key man insurance is a type of life insurance policy that companies purchase on the life of a founder, owner or critical employee. It’s also called key person or key employee insurance. Key man ...

Key person insurance, or contract frustration insurance, is a crucial risk management strategy for startups that rely heavily on specific individuals for their success. This type of insurance provides ...

Keyman (or ‘keyperson’) insurance is designed to protect your business against the impact of critical illness, terminal illness, or death of your most crucial – or ‘key’ – employees. The purpose of ...

Small businesses are making their mark on the economy and in their communities, with the U.S. Census Bureau reporting a record high 5.5 million business applications in 2023. As small-business owners ...

What clients need to know about how life insurance coverage can protect their businesses Your clients likely understand that a life insurance policy can help protect their families, as it provides a ...

While every employee is valuable, some–your key employees–may be more valuable than others. Key employees can be found in every department, from administrative to management. They may be a ...

This article was first published on NerdWallet.com. Small businesses are making their mark on the economy and in their communities, with the U.S. Census Bureau reporting a record high 5.5 million ...