Ensure that ownership of your business remains in the hands of current business partners in the case of death or disability.
How does it work
How much you will pay
The cost of the insurance will depend on your risk profile and the value of your business when you take out the policy.
Why it’s important to have the right insurance
If one of the co-owners of a business were to die or become disabled, what would happen to that person's share of the business? How do you ensure business continuity?
Buy and sell insurance is an insurance that business co-owners take out on one another's lives to enable them to buy a deceased or disabled co-owner's share in the business, and there is certainly regarding the future ownership of the business.