Key Person Insurance 2027 Calculator
Calculate key person life insurance 2027 — protects business from loss of founder/CEO/critical employee. 5-10x salary typical coverage.
Business Insurance Basics
Different policies cover different risks. Layered approach: BOP + Liability + Professional + Cyber. Don't rely on single policy.
Risk-Based Pricing
Insurer assesses industry risk (construction high, consulting low), revenue, claims history, security controls. Better controls = lower premium.
Coverage Limits
Buy enough — single claim can wipe small business. Underwriters can refuse renewal after big claim. Build claims-free history.
Common Exclusions
Read policy carefully. Cyber attacks excluded from general liability. Professional services excluded from BOP. Get specialty coverage where needed.
Source: iii.org key person insurance, sba.gov business succession. Last updated: May 2026.