HomeTermsCompareFinance Keyman InsuranceThe definition for Keyman Insurance:Insurance through loss (through death or disability) of a "key" (important) person in a company. The liability is the estimated cost of the loss (in business lost, and replacement of the individual). Some lenders require this insurance before lending to small companies which rely on one or a few "key" people. Similar MatchesCoinsuranceCoinsuranceA sharing of the risk of an insurance policy by more than one insurer. Usually one insurer is liable up to a certain amount, the other liable over that amount. Federal Deposit Insurance Corporation (fdic)Federal Deposit Insurance Corporation (fdic)The federal corporation which insures against loss of deposits in banks, up to a maximum amount. Home Warranty InsuranceHome Warranty InsurancePrivate insurance insuring a buyer against defects (usually in plumbing, heating, and electrical) in the home he has purchased. The period of insurance varies and both new and used homes may be insured. Further SuggestionsMortgage InsuranceMortgage Life Insurance Private Mortgage Insurance Reinsurance Click to compare definitions of Keyman Insurance Click to view definitions beginning ke |