Don’t let a hard-fought-for dream become a nightmare. Buy and sell insurance has been developed to protect businesses – particularly small to medium ones – in the event that one partner or shareholder dies or becomes disabled. It’s great to celebrate good days at your company, but just as important to plan for possible bad ones.
This legally binding agreement is the ideal way to protect shareholders’ stake in the business, eliminating stressful uncertainty for everyone involved.
The benefits of buy and sell insurance include:
- Funds are immediately available to buy the deceased’s share of the company.
- No need to rely on unwanted or unwilling new investors.
- Avoid the interest charged on loans and other urgently collected capital.
- Ensure fair compensation for the deceased’s family.
You may also want to consider our key person insurance offer.