Keyman Insurance


 

Home
Site Map
Add Term
Search
About Us
Contributors

Keyman Insurance

Insurance through loss (through death or disability) of a "key" (important) person in a company. The liability is the estimated cost of the loss (in business lost, and replacement of the individual). Some lenders require this insurance before lending to small companies which rely on one or a few "key" people.



Keyman Insurance

Similar Matches

Executive insurance

Executive insurance

In the US, an insurance policy taken out on the life of a company executive or senior employee whose death would cause significant loss to the company. In the event of such a death the proceeds would be payable to the company. Known as 'keyman insurance' in the UK.


Uninsured motorist insurance

Uninsured motorist insurance

Insurance that covers the policyholder and family if they are injured by a hit-and-run or uninsured motorist, assuming the other driver is at fault.


Federal Deposit Insurance Corporation (FDIC)

Federal Deposit Insurance Corporation (FDIC)

A federal institution that insures bank deposits.


Personal accident insurance

Personal accident insurance

An insurance policy which, in return for regular premiums, pays a specific sum in the event of death, loss of sight or limbs or other permanent disablement due to an accident.


Universal life insurance

Universal life insurance

A combination of term life insurance and a savings element which is invested to provide a cash value build up. The policy is flexible in that the death benefit, savings element and premiums can be reviewed and altered from time to time as a policyholder's circumstances change.


Further Suggestions

Insurance policy
insurance premium tax
endowment insurance
Annual renewable term insurance
Foreign Credit Insurance Association (FCIA)
Replacement cost insurance
bank insurance fund
deposit insurance
Insurance agent
level term insurance
group insurance
insurance premium
Insurance excess
whole life insurance
War Risk Insurance
Group insurance
Term insurance
Insurance claim
Straight term insurance policy
Interest sensitive insurance policy
Private Mortgage Insurance
Private Medical Insurance
holiday insurance
National Insurance (NI) Basic Pension
Title insurance


 
All rights Reserved. Do not copy without permission.