Key person insurance, or contract frustration insurance, is a crucial risk management strategy for startups that rely heavily on specific individuals for their success. This type of insurance provides ...

Key person insurance can help your business avoid financial burdens if a critical employee, like a CEO or founder, passes ...

We independently evaluate all of our recommendations. If you click on links we provide, we may receive compensation. Myles is a former senior insurance editor for Investopedia. He oversaw the strategy ...