Question

Who can be considered a key person in the context of Key-man Insurance?

a.

Any employee of the company

b.

Only individuals with high personal income

c.

Directors, partners, salespersons, and others vital to the business

d.

Individuals with no specific skills or knowledge

Answer: (c).Directors, partners, salespersons, and others vital to the business Explanation:A key person in the context of Key-man Insurance can be directors, partners, salespersons, and individuals whose loss can have a significant financial impact on the business.

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Q. Who can be considered a key person in the context of Key-man Insurance?

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