What Is A Key Man Policy?

When you first start a business, you are usually responsible for everything. You are the accounting department, the HR department, the marketing and sales department, the janitor, and everything in between. Essentially, the business would cease to function and effectively exist without you. As a few people get added to the team, those members can also be incredibly important, their absence would cause the business a tremendous financial setback. These are your “key men” (or women), and this is what a key man policy is designed for.

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