Our Insurers

When two or more people work together in a business, there needs to be serious consideration of the disposal of each person's share of the business in all circumstances.

Buy/Sell Insurance is the most cost effective method of funding the consideration for the transfer of an asset from one person or entity to another in the case of death, temporary disablement, permanent disability, terminal illness as well as the occurrence of a major medical event.

Hand in hand with insurance is the need for a business agreement. A business agreement (buy/sell) essentially ensures the transfer of that asset to the appropriate person or entity for an agreed formula on a specified event.

Asset or Equity (buy/sell) Questions

• Will the remaining business owners enjoy being forced to work with the family members (usually the spouse) of the departing part owner?
• Can the deceased owner's beneficiaries contribute skillfully to the management of the business or will they hinder the business while still drawing a full share of profits?
• How much will the business pay the departing owner's estate for his or her business interest, over what period of time, where does that money come from and at what cost?

When was the last time you considered your business needs and do you have an agreement in place?

Don't put it off any longer, contact us now .