Key Person
Insurance:
Insurance on the life or health of a key individual whose
services are essential to the continuing success of a business
and whose death or disability could cause the firm a substantial
financial loss.
Kidnap and Ransom Insurance:
Written for financial institutions and other corporations,
this insurance covers named employees for individual or aggregate
amounts paid as ransom, with deductibles requiring the insured
to participate in approximately 10% of any loss. |
