When being key is the key

Key man insurance is becoming increasingly popular with employers as a cost-effective way to protect their business. The performance of a business can be significantly influenced by the important contributions, skills and business acumen brought to the business by 'key' individuals - those employees responsible for looking after areas of the business such as design, marketing, finance or legal aspects, or those with key business contacts, are particularly important. In addition, it is important for a company to protect against the loss of control of its shares on the death of any one of i...