key person insurance
English
Noun
key person insurance (uncountable)
- (business, insurance) An insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business.
Synonyms
Related terms
This article is issued from Wiktionary. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.