Business Insurance

Planning for the loss of a business owner or partner is crucial to ensuring the continuity of your business and protecting the financial security of your family and the families of each partner or co-owner.

To protect your business, your loved ones and your co-owners or partners, you can implement what is known as a buy sell agreement, which specifies what will happen to the interests of a deceased or disabled owner, partner or shareholder. If your company's buy sell agreement requires the remaining owners or partners to purchase the departed partner’s interests, you can use insurance—rather than personal funds or business assets—to fund the buy sell agreement.