BUY & SELL COVER
Buy/Sell insurance is an essential part of business planning for businesses with two or more owners. Buy/Sell cover protects the business and its owners if a partner is unable to take part in running the business due to a disability or death.
How Does Buy & Sell Insurance Work?
A Buy/Sell arrangement is an agreement that allows for the transfer of a business if an owner were to pass away or suffer a serious injury or illness to the point where they are unable to help out with the business.
The deceased partner’s family can be compensated
Buy/sell agreements can also provide cover for events other than death and disability. This can include:
Divorce or separation (if the owners are married or in a de facto relationship)
Retirement
In some cases, bankruptcy
RISKS WE SPECIALISE IN AND PROVIDE CLAIMS ADVOCACY ON
Life Insurance
Business Expense
Buy and Sell
Child Cover
Cyber
Home
Income Support
Key Person
Landlord
Management Liability
Mortgage
Needlestick
Professional Indemnity
Public Liability
Total Disability
