Key Man Agreements

A Key man Agreement is a contract where you insure the person in you business / department  with specialized skills and that  your business cannot do without

With a Key Man agreement / policy in place that if he/she dies or get disabled you have funds to replace the person.

Example: If you cannot cook and your spouse is the only proper cook in the house, with a life cover and disability  policy you can have money to pay someone else to do the cooking from if they die or get disabled.

The same principle is used for Key Man Agreements