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Insurance Terms  -  A B C D E F G H I J K L M N O P Q R S T U V W X Y Z Home / Insurance Dictionary


Key Person Insurance:

Insurance on the life or health of a key individual whose services are essential to the continuing success of a business and whose death or dis­ability could cause the firm a substantial financial loss.


Kidnap and Ransom Insurance:

Written for financial institutions and other corporations, this insurance covers named employees for individual or aggregate amounts paid as ransom, with deductibles requiring the insured to participate in approximately 10% of any loss.



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