If You need to purchase a Key-Man Insurance Policy, then, What is the Information, that is going to be sought by the Insurer, to assess the Application?
A)Business' Audited Financial Statements and Filed Income-Tax (I.T.) Returns
B)Salary of the Chief Executive Officer (C.E.O.)
C)Name of the Chief Executive Officer (C.E.O.)
D)Names of All the Employees

Question

Quizplus · Accepted Answer

Key-Man Insurance Policies require financial information about the business to assess the risk and determine the coverage amount. Audited financial statements and filed income tax returns provide a comprehensive view of the business's financial health, which is crucial for the insurer.

If You Need to Purchase a Key-Man Insurance Policy, Then