What does Business Life and Health Insurance mean? Read on to discover the definition & meaning of the term Business Life and Health Insurance - to help you better understand the language used in insurance policies.
Business Life and Health Insurance
Business life and health insurance is a type of insurance that covers companies from potential losses in the event of the death or incapacitation of a key member of the company, such as the chief executive officer. As the sudden loss of a key member could severely affect business operations and lead to substantial losses, this type of insurance offers financial protection against that risk.
We hope the you have a better understanding of the meaning of Business Life and Health Insurance.