Life And Health, Business Exposures

Definition of "Life and health, business exposures"

Chase Bourgeois real estate agent
Chase Bourgeois, Real Estate Agent Exp Realty, Llc

Loss of a key person due to death, disability, sickness, resignation, incarceration, or retirement. Because of the expertise of such an individual, there could be a loss of income, market share, research and development advantage, and line of credit by the firm. Also, there are extra expenses associated with training a replacement for a key person. Coverage for many of these exposures is available under key person life and health insurance.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Insurance Terms

Popular Insurance Questions