Buy-Sell Agreement Insurance

Buy-Sell Agreements provide for the transfer of the ownership of the business in different circumstances – death, disability, retirement or disagreement. At death or disability, for example, the remaining owners may not want to be in business with the deceased owner’s heirs or the non-active disabled owner. As well, the heirs or disabled owner may prefer to receive the value of the deceased owner’s share of the business in cash. If an owner retires, an agreement paves the way for business to continue as usual. If owners have a falling out, a Buy-Sell Agreement will enable the business to continue or be “wound up” in an orderly fashion.

An insured Buy-Sell Agreement provides funds to buy out a disabled or deceased principal. Ideal for small businesses and partnerships.