Key man insurance policy

is key man insurance policy compulsory for any type of company?
Replies (2)
Quick Summary
This discussion clarifies that key man insurance is not a compulsory requirement for all companies in the UK. While not legally mandated, it is highly recommended as a prudent measure to safeguard businesses against potential future financial challenges arising from the loss of a key individual.

Compulsory..?!

I don't think it's compulsory...
But, It's advisable to companies for future problems.

No its not compulsory. 

It depends upon the policy of the Company. 

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