Key Employee (key Person)
Definition of "Key employee (key person)"
Individual who possesses a unique ability essential to the continued success of a business firm. For example, this individual might have the technical knowledge necessary for research and development of products that keep the company at the cutting edge of its field. The death or disability of this key individual could severely handicap the company.
Popular Insurance Terms
Bond that provides additional security for a loan. ...
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Individuals under common management whose goal is to sell and service insurance. Office may be managed by a general agent or branch manager. ...
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