Key person (employee) insurance is a particular type of life insurance policy taken out by a company on one of their employees, in which the company is the beneficiary in the case of that employee's untimely demise.
Key person insurance is a relatively new insurance coverage, but has attracted much praise and is encouraged by many strategic advisors. Life insurance is basically a system by which a fixed amount of money is paid to a beneficiary in the event that the person being covered dies.
For business owners in Virginia, Maryland and the District of Columbia, Oberryman offers a full line of insurance and asset protection products. From general liability to workers’ comp, we can provide you with individual quotes or a custom analysis of all your business insurance needs.
Oberryman Insurance Agency offers free, comparative quotes on Key Person / Employee Insurance from multiple insurance carriers so you can get the best possible rate.
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