Key Man life insurance could be either on a term or permanent life plan, where the beneficiary is the employer. The funds can be used by the beneficiary company to hire and train a replacement for the key person employee.
It is relevant to your state insurance laws. Contact your agent!
No, They can not
Fidelity Insurance is also referred to as crime insurance. It protects a company in the event of a loss of money for multiple reasons from burglary to embezzlement. There are generally two types of insurance- employee dishonesty and money and security coverage. Employee dishonesty covers the company in the event that an employee steals in any way shape or form. Money and security covers losses outside of business personnel such as burglary, destruction, or disappearance.
Seek an Attorney.
The company called Tech Insurance provides small businesses with cheap technological insurance. This insurance protects the company insured from liability if a technological error occurs.
If you had an employee covered under a group policy (less than 5), do you have to provide Cobra insurance to the employee until they find other coverage if they leave the company?
Keyman Life Insurance. It's a normal life insurance policy that is payable to the employer to indemnify it for the loss of an important employee and to pay expenses of recruiting a replacement as well as training and such costs.
Government Employee Insurance Company
How many pending employee lawsuits for Travelers Insurance Company
An employee insurance participating plan is one where the employees of a certain company can put money into their insurance, regardless of how much is paid by the employer.
Employee State Insurance
In most cases, the company's insurance carrier will pay for damages, as long as the fault causing the accident was not caused by the employee. The employee here is representing the company in this case - if the employee is charged with negligent driving and was cited for causing the accident, the company insurance carrier will most likely pay, but will seek restitution from the employee. Could get into a real sticky situation.