What is Key Person Insurance | Insurance glossary by upcover

Key Person Insurance pays a benefit if a critical employee or owner dies, becomes disabled, or cannot work. The business can use this money to cover recruitment, continue operations, or repay debt.

Related Terms

Employee Dishonesty

Data Restoration & Reconstitution Costs (Crime)

Assets Under Management (AUM) (Management Liability)

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Key Person Insurance pays a benefit if a critical employee or owner dies, becomes disabled, or cannot work. The business can use this money to cover recruitment, continue operations, or repay debt.

Related Term

Employee Dishonesty

Data Restoration & Reconstitution Costs (Crime)

Assets Under Management (AUM) (Management Liability)

All Category

Financial

Legal

Insurance Documents

Fundraising

Employment

Policy

Risk Management

E&O

D&O

Commercial Insurance

Cyber

Compliance

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