Partnership / Buy & Sell Insurance



Author: Business Insurance

Partnership or Buy & Sell insurance is designed to ensure business continuity in the event of a partners death or disability. In essence the partners of a business ensure one another's lives which would enable them to buy out the business interests of the deceased or disabled partner.

 

Contact us today to structure a policy that would suit your needs and that of your business.

 

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Partnership / Buy & Sell Insurance Benefits

For the remaining co-owners:

 

  • No risk of new co-owners joining the business who might be unskilled or incompatible.
  • An inexpensive way of funding the purchase price.
  • The business can continue with minimal disruption.

 

For the disabled co-owner and heirs:

 

  • An immediate cash payment, which can substitute the income lost as a result of the death or disability of a breadwinner.
  • A negotiated purchase price negotiated by the parties concerned ensuring that the co-owner or dependants receive the full value of the business interest.

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