Buy & Sell Insurance helps fund a Buy & Sell Agreement between business owners, making it easier for ownership to transfer smoothly if an owner passes away or suffers a covered critical illness.
Without a clear agreement, ownership of a business may pass to an owner's estate or beneficiaries, potentially creating uncertainty for both the business and the remaining owners.
It's ideal for businesses with two or more owners, including partnerships, family businesses, professional practices, and companies with multiple shareholders.
Yes. It can help provide financial certainty for your family or estate by supporting a fair and timely transfer of your ownership interest according to the agreement.
If your business has more than one owner, it's worth considering what would happen if one partner could no longer continue. A Buy & Sell Agreement supported by the right insurance can help protect the business, provide financial certainty for everyone involved, and reduce uncertainty during an already difficult time.
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