Safety

What Is Keyman Insurance—and Who Needs It?

If a partner, founder or key employee whom the success of the business depends upon dies, a keyman insurance policy can pay expenses until a proper replacement is found.
By Patrick Keightley
July 7, 2020
Topics
Safety
by Patrick Keightley
Patrick Keightley, CIC, is a lifelong resident of Northern Virginia. He graduated from George Mason University with a B.S. in Business Administration. He started his insurance career with Liberty Mutual as a Business Sales Representative and eventually rose to General Manager. Pat started at Georgetown Insurance in 1989 and earned his CIC designation in 1997. He specializes in insuring the needs of manufacturers, contractors, IT, wholesalers and retailers. Pat brings a risk management approach to the process by focusing on the areas of insurance which are most costly to a client and how to reduce this cost through increased loss control, deductibles, risk transfer methods, etc.

Related stories

Safety
Operationalizing Safety: Why It’s Time to Treat Safety Tech Like Your Project Schedule Cover Art

Operationalizing Safety: Why It’s Time to Treat Safety Tech Like Your Project Schedule

By Gabe Guetta
To effectively integrate safety tech, it should be treated more like a physical construction tool.
Safety
The Travelers 2025 Injury Impact Report Reveals First-Year Workers Most at Risk Cover Art

The Travelers 2025 Injury Impact Report Reveals First-Year Workers Most at Risk

By Construction Executive
This year, 44% of workers' compensation claims in construction came from first-year employees.
Safety
Construction Safety Culture Trends of 2025 Cover Art

Construction Safety Culture Trends of 2025

By Clayton Jones
From new hire incident rates to heat-related risks, 2025 has presented certain safety challenges for the construction industry.

Follow us




Subscribe to Our Newsletter

Stay in the know with the latest industry news, technology and our weekly features. Get early access to any CE events and webinars.