To prepare for the possible unexpected loss of a key employee like the CEO or CFO, it is a good idea to
A) purchase key-person insurance.
B) prepare a harvest and exit plan.
C) purchase business liability insurance.
D) develop a buffer strategy.
E) prepare a business continuity plan.

Question

Quizplus · Accepted Answer

E  Key-person insurance provides financial protection against the loss of a key employee, while a business continuity plan ensures the business can continue operating smoothly in the event of such a loss.

To Prepare for the Possible Unexpected Loss of a Key