A business partnership is an integral and trust-based relationship. So what happens in the event that your business partner passes away?
Let us help you find the right solution to give you and your business peace of mind.
What is Business Buyout cover?
Buy/Sell cover protects you from any unwanted surprises in the event that a business partner passes away. This insurance cover provides an instant payment to purchase the deceased’s shares in the business. This ensures that if you pass away your family will get a cash payment, and your business partner will receive your shares in the business.
Who needs protection?
Anyone involved in a business partnership should consider protecting their shares in the business (and their businesses best interests) by investing in Buy/Sell cover.
How can you ensure you're protected?
Most businesses do not have the funds to purchase a deceased partner’s shares. Meaning, the new business partner could be their estate, spouse or children, putting your business into potentially unexpected hands.
How can you protect yourself?
Our team of dedicated advisers will work with you and your business partners to make sure the insurance policies and the relevant contracts put your business in the hands of the right people at the right time. Let us do the hard work for you so you can focus on building the best business you can.