Key man

Key man (or woman) insurance

A life insurance policy purchased by a company to insure the life of a key executive. The company is the beneficiary in case of the executive's death.

Key Employee

A very important employee. A key employee may have contacts highly beneficial to the company, may work hard and generate more revenue than any other employee, or may have some other skill that would be difficult or impossible to replicate in another employee. Often, but not always, a key employee is a manager. A company may purchase key person insurance to protect itself against the possibility that an employee may unexpectedly die or become unable to work, which would deprive the company of his/her skills.

单词	key man
释义	DictionarySeekey employee Key man Key man (or woman) insurance A life insurance policy purchased by a company to insure the life of a key executive. The company is the beneficiary in case of the executive's death. Key Employee A very important employee. A key employee may have contacts highly beneficial to the company, may work hard and generate more revenue than any other employee, or may have some other skill that would be difficult or impossible to replicate in another employee. Often, but not always, a key employee is a manager. A company may purchase key person insurance to protect itself against the possibility that an employee may unexpectedly die or become unable to work, which would deprive the company of his/her skills.
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