The Importance of Partnership Protection Insurance
Partnership Protection Insurance – Protecting your company against the risk of a business partners’ critical illness or death.
When a shareholder/partner dies, there is a good chance their family members inheriting their share, have no interest in or knowledge of the business. The share of the business could subsequently end up being sold to competitors.
Partnership Protection Insurance provides a lump sum enabling remaining partners/shareholders to purchase the deceased shareholder’s stake in the business.
If critical illness is included in the policy, the insured individual can, if diagnosed with a specified critical condition, sell his/her shares to partners immediately without the stress of partners having to find the required financial resources.
Contact us today for a fee-free, no obligation review to find out how easy it could be to protect your business and secure your future.
To find out more, continue reading our frequently asked questions (FAQs) towards the end of the page.
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