Key person, also known as key man life insurance, is a specialized policy a business can purchase for an owner or partner, key executive or another employee considered critical to business operations.

Key man insurance is a type of life insurance policy that companies purchase on the life of a founder, owner or critical employee. It’s also called key person or key employee insurance. Key man ...

Key person insurance, or contract frustration insurance, is a crucial risk management strategy for startups that rely heavily on specific individuals for their success. This type of insurance provides ...

Just as moms are often taken for granted for all they do to keep a household running, businesses often overlook the key employees who play a pivotal role in their day-to-day operations, ...

While every employee is valuable, some–your key employees–may be more valuable than others. Key employees can be found in every department, from administrative to management. They may be a ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. If you’re like most business owners, the long-term ...

Whether you're working a side gig or employing hundreds, you're investing valuable time and expertise in your small business. And while you're rightly focusing on your goals, you should also consider ...

Only 20% of small businesses sell after going to market, but selling the business to key employees offers a viable alternative. Employee ownership preserves jobs, community value and company culture, ...

Discover how company bankruptcy affects employee insurance benefits and coverage. Learn if and how you can retain benefits ...