Buy/Sell Insurance

Future-proof your business with a buy/sell agreement.

A buy-sell agreement involves the business owners entering into a written agreement to plan what they are to do with their respective interests in the business should any one of the owners die, become disabled, suffer a traumatic or terminal illness, resign or retire – just like having a will in place for the business.

Essentially the agreement should provide a mechanism whereby the terminating business owner can sell his or her interest in the business to the continuing owners, and whereby the continuing owners can purchase the terminating owners interest in the business.

The agreement generally recognises the means of funding the buy-sell obligations of the respective owners.

The death, Total and Permanent Disablement or terminal illness, resignation or retirement of an owner can have a dramatic effect on a business.  While resignation or retirement cannot be specially insured against, sudden death, total and permanent disablement or terminal illness can be insured through the Buy-Sell Agreement.

Note:  All Buy-Sell Agreements should be written under legal advice.

For more information or to make an appointment to discuss your specific business needs please contact us.