Life and Health Insurance

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Loss of a Key Person
Key Person Insurance Loss of Income Market Share Business Continuity Financial Risk Business Exposures Insurance Life and Health Insurance
Loss of a key person in a business refers to the significant impact on the firm due to the departure of an essential individual from the organization due to death, disability, sickness, resignation, incarceration, or retirement. It can lead to financial instability, loss of market share, and additional expenses in training replacements. Key person insurance helps mitigate these risks.
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