Which of the following is NOT a legitimate use of insurance in a business context?

The use of insurance in a business context generally revolves around risk management and financial protection. Funding against general company financial loss is not considered a legitimate use of insurance because insurance policies are designed to cover specific risks or events, rather than broadly insuring against all potential financial losses a business might experience.

On the other hand, funding business continuation agreements is a legitimate use because it ensures that a business can continue operating after the loss of a key stakeholder. Compensating executives can also be tied to specific insurance policies, such as executive bonus plans or Key Person insurance. Furthermore, funding against financial loss caused by the death of a key employee is a common insurance application that provides necessary financial security and stability for the business during transition periods.

Overall, businesses use insurance to mitigate specific risks, and general financial losses do not fall within that scope, making it an illegitimate purpose for insurance.