Key Man (Key Employee) Insurance Policy: An insurance policy on the life of a key
employee whose death would cause the employer financial loss, owned by and payable to
the employer.

Known Loss: A loss known to one or both parties when a broker and Underwriter are
negotiating a placing.

The above information is for general informational purposes only and is not to be
construed as a recommendation or advice in any way shape or form.
Copyright © 2016 Stephen W. Gersh Insurance Agency, Inc.  All rights reserved.
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