Key Man Insurance
Saturday, January 3, 2009 by Angeleyes
Though getting insurance policies here is quite common these days, there are still quite a lot of other policies which are not available yet in this part of the world. For example, the key man insurance policy.
Maybe some of the MNCs here do have such coverage but not that I am aware of. Probably in the aviation industry where the risks are much higher as compared to many other industries. So far I have not heard of such policies sold locally. Well, I may be wrong and ill informed.
Personally I find having such policies is good and beneficial to the company as losing key personnel, be it through retirement or accidents can be a headache sometimes.
Maybe some of the MNCs here do have such coverage but not that I am aware of. Probably in the aviation industry where the risks are much higher as compared to many other industries. So far I have not heard of such policies sold locally. Well, I may be wrong and ill informed.
Personally I find having such policies is good and beneficial to the company as losing key personnel, be it through retirement or accidents can be a headache sometimes.
