What Is Key Man Disability Insurance?

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   Kelly Moser

   Social Media Strategist, Disability Insurance Services, California

   Key Man DI (also known as Key Person DI) is a coverage that would pay benefits to a business to cover the financial loss if a vital employee became disabled due to an illness or injury. Any business that would find it hard to replace an employee, or any business that wouldn’t be able to function without a specific employee, needs Key Man DI.  And if a company had more than one key person whose absence would bring the business to a halt, then DI can be purchased for more than one “Key Man."

   Answered on September 24, 2013

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