A possible tragedy that happens to a partner where they pass away or become disabled and unable to work can be detrimental to your business’ future. Buy and sell insurance has been developed to protect businesses both small & medium. It’s great to celebrate good days at your company, but just as important to plan for possible bad days.
This legally binding agreement is the ideal way to protect shareholders’ stake in the business, eliminating stressful uncertainty for everyone involved.
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- 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.
Please also consider Key Person Insurance