"key person insurance" meaning in English

See key person insurance in All languages combined, or Wiktionary

Noun

Head templates: {{en-noun|-}} key person insurance (uncountable)
  1. (business, insurance) An insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business. Wikipedia link: key person insurance Tags: uncountable Categories (topical): Business, Insurance Synonyms: key man insurance Related terms: key person risk
    Sense id: en-key_person_insurance-en-noun-yuiOox5b Categories (other): English entries with incorrect language header, Pages with 1 entry, Pages with entries Topics: business, insurance
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  "lang_code": "en",
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            "Business",
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      "glosses": [
        "An insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business."
      ],
      "id": "en-key_person_insurance-en-noun-yuiOox5b",
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        [
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          "business"
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          "insurance"
        ],
        [
          "insurance policy",
          "insurance policy"
        ],
        [
          "compensate",
          "compensate"
        ],
        [
          "financial",
          "financial"
        ],
        [
          "loss",
          "loss"
        ],
        [
          "incapacity",
          "incapacity"
        ],
        [
          "important",
          "important"
        ],
        [
          "member",
          "member"
        ]
      ],
      "raw_glosses": [
        "(business, insurance) An insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business."
      ],
      "related": [
        {
          "word": "key person risk"
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      ],
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        {
          "word": "key man insurance"
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        "An insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business."
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          "loss",
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      "raw_glosses": [
        "(business, insurance) An insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business."
      ],
      "tags": [
        "uncountable"
      ],
      "topics": [
        "business",
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  "synonyms": [
    {
      "word": "key man insurance"
    }
  ],
  "word": "key person insurance"
}

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This page is a part of the kaikki.org machine-readable English dictionary. This dictionary is based on structured data extracted on 2024-12-21 from the enwiktionary dump dated 2024-12-04 using wiktextract (d8cb2f3 and 4e554ae). The data shown on this site has been post-processed and various details (e.g., extra categories) removed, some information disambiguated, and additional data merged from other sources. See the raw data download page for the unprocessed wiktextract data.

If you use this data in academic research, please cite Tatu Ylonen: Wiktextract: Wiktionary as Machine-Readable Structured Data, Proceedings of the 13th Conference on Language Resources and Evaluation (LREC), pp. 1317-1325, Marseille, 20-25 June 2022. Linking to the relevant page(s) under https://kaikki.org would also be greatly appreciated.