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?
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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.
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The deceased partner’s family can be compensated
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Buy/sell agreements can also provide cover for events other than death and disability. This can include:
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Divorce or separation (if the owners are married or in a de facto relationship)
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In some cases, bankruptcy
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