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R.H. Nicholson & Company, Inc. Insurance
 
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Insurance Glossary R.H. Nicholson & Company, Inc. Insurance

Licensed in:
Virginia, Maryland, Washington D.C.
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  • KEY PERSON INSURANCE
    Insurance on the life or health of a key individual whose services are essential to the continuing success of a business and whose death or disability could cause the firm a substantial financial loss.

  • KIDNAP/RANSOM INSURANCE
    Coverage up to specific limits for the cost of ransom or extortion payments and related expenses. Often bought by international corporations to cover employees. Most policies have large deductibles and may exclude certain geographic areas. Some policies require that the policyholder not reveal the coverage's existence.

 

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Insurance Glossary is Owned and Copyrighted by the Insurance Information Institute.
R. H. Nicholson & Company Uses This Glossary By Permission.

 

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R. H. Nicholson & Company Inc., Insurance
3998 Fair Ridge Drive Suite 200
Fairfax, VA 22033		        Phone:
Fax:		  (703) 261-6100
 (703) 261-6101

Important Note: This website provides only a simplified description of coverages and is not a statement of contract. Coverage may not apply in all states. For complete details of coverages, conditions, limits and losses not covered, be sure to read the policy, including all endorsements.
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