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Key Man “Key Man” could be defined as the “significant person or persons” in a given business. For example, Mr. A may be the idea man and Mr. B the promotion and sales person. Without the full services of either, the business would suffer financially and may well fail before others can fill their position. Both disability and life insurance would be placed on both parties so that in the event of their disability or death, the amount generated by the applicable policies would be payable to the company to both cushion the financial loss and to give the company the time to replace the “Key Man”. This is only a very brief overview. customer-service@dodgson-insurance.com << back to life insurance |
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