When an individual is the face of a business, any harm or trouble that befalls that person can have an outsized effect on the company.
For that reason, businesses may take out "key man" insurance that protects companies against financial losses from the death of a crucial employee, as well as what's called directors and officers liability insurance (D&O). The latter typically covers settlements or defense costs from legal actions brought against current and former C-suite executives. If the case involves an executive's suicide the situation can be even more complex.
Police have yet to determine the cause of the Wednesday car crash that killed former Chesapeake Energy CEO Aubrey McClendon. His death came a day after a federal indictment was issued alleging McClendon engaged in illegal bid-rigging while at the multibillion-dollar company he co-founded.
It's also unclear whether McClendon, 56, even had life insurance, either for the benefit of his family or his newer start-up, closely held energy firm American Energy Partners LP.