Business Insurance
Your financial adviser can help you look at:
- Buy/Sell agreements and the funding of such a Policy.
- The remaining owners having to sell the business.
- The control of the business or its assets being frozen due to legal difficulties.
- A departing owner, or their spouse or estate, taking legal action over a valuation or pay-out figure.
- A departing owner’s spouse deciding (against the wishes of the continuing owners) to become an active or inactive partner.
- A departing owner’s spouse or estate selling their share of the business to an unsatisfactory third party.
- Key person insurance (also known as ‘key man insurance’) which is designed to protect businesses in the event that a key person, such as a partner employee, or director dies or becomes unable to work.
- Business Expenses insurance which will provide funds to cover the expenses of the business if the Owner is unable to work due to Accident or illness.
Buy/Sell insurance can help minimise the risk of: