It is common for companies to own life insurance policies on their employees, especially key employees to the company to protect against the cost of replacing them if they were to die unexpectedly. (lifeant.com)
It provides coverage for the cost of injuries to passengers in the other vehicles, as well as protection against the cost of property damage aside from that of the covered vehicle itself. (carinsurancequote.net)
These benefits, while still large, would have to be weighed against any costs associated with the policy, such as teachers demanding higher pay to compensate them for the risk of dismissal. (educationnext.org)