Business Insurance and Succession Planning ensures that if you or an important business associate were to pass away or suffer a major health event, the business would still be able to continue to operate effectively.
Business insurance is one of the funding mechanisms that make sound succession planning possible.
Owner 'Buy/Sell' Agreement
Enables the business owners to determine whether the business should continue, be sold or transferred, or even liquidated should a trigger event such as death, disability, retirement, irreconcilable differences between business partners, resignation, or bankruptcy of a business principal occur.
Key Person Insurance
Designed to protect the business in the event of the loss of a person who makes a significant contribution towards the profitability or stability of the business because that person possesses unique skills or abilities that are essential to the businesses success, and are subsequently difficult or expensive to replace.
Business Expense Insurance
Designed to provide a benefit to cover the business non-income earning fixed expenses such as cost of lease equipment, rent or mortgage interest payments, salaries, and utilities.
Business Liability 'guarantor' Insurance
Designed to provide a benefit to the business owner to cover all or most of the liabilities of the business including loans, tax obligations, asset purchases and lease agreements.
Owner 'Buy/Sell' Agreement
Enables the business owners to determine whether the business should continue, be sold or transferred, or even liquidated should a trigger event such as death, disability, retirement, irreconcilable differences between business partners, resignation, or bankruptcy of a business principal occur.
Key Person Insurance
Designed to protect the business in the event of the loss of a person who makes a significant contribution towards the profitability or stability of the business because that person possesses unique skills or abilities that are essential to the businesses success, and are subsequently difficult or expensive to replace.
Business Expense Insurance
Designed to provide a benefit to cover the business non-income earning fixed expenses such as cost of lease equipment, rent or mortgage interest payments, salaries, and utilities.
Business Liability 'guarantor' Insurance
Designed to provide a benefit to the business owner to cover all or most of the liabilities of the business including loans, tax obligations, asset purchases and lease agreements.
