key person insurance
noun[U]
ukusINSURANCE
→business life and health insurance:
Keypersoninsuranceisdesignedtoprotectacompanyfrom thelossof apersonwho makes asignificantcontributionto thefinancialsuccessof thatcompany.
| 单词 | key person insurance |
| 释义 | key person insurance noun[U] ukusINSURANCE →business life and health insurance: Keypersoninsuranceisdesignedtoprotectacompanyfrom thelossof apersonwho makes asignificantcontributionto thefinancialsuccessof thatcompany. Examplesofkey person insurancekey person insurance This use is commonly known as key man orkeypersoninsurance. From Wikipedia There is no legal definition forkeypersoninsurance. From Wikipedia Keypersoninsurancedoes not indemnify the actual losses incurred but compensates with a fixed monetary sum as specified on the insurance policy. From Wikipedia These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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