{"id":1578,"date":"2016-10-31T13:18:14","date_gmt":"2016-10-31T17:18:14","guid":{"rendered":"https:\/\/www.freelancinggig.com\/blog\/?post_type=glossary&p=1578"},"modified":"2016-10-31T13:18:14","modified_gmt":"2016-10-31T17:18:14","slug":"key-person-insurance","status":"publish","type":"glossary","link":"https:\/\/www.freelancinggig.com\/blog\/glossary\/key-person-insurance\/","title":{"rendered":"Key Person Insurance"},"content":{"rendered":"

Key Person Insurance<\/a> is an insurance policy taken out by a business on the life, or capacity, of an essential employee<\/a> (including a co-founder). The aim is to compensate the business for potential losses that could occur if this employee were to die or become incapacitated and facilitate business continuity. Usually, investors will require that Key Person Insurance be taken out prior to (or immediately after) a financing in order to protect their interests.<\/p>\n","protected":false},"excerpt":{"rendered":"

Key Person Insurance is an insurance policy taken out by a business on the life, or capacity, of an essential employee (including a co-founder). 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