Keyman Insurance

Key Man is a person who is a major driving force behind a business and who is so unique and valuable in all areas of the business that without him/her there would be a substantial loss in the company’s earning capacity. The objective of Key Man insurance is to indemnify the company for the losses in the absence and allow it to continue as the same thriving concern that it was while the key man was alive and working. The beneficiary in such cases will be the company.