Buy Sell Agreement

This type of cover is specifically for people in business partnerships.

Imagine you have 2 people in business and they are both married or in a long term relationship. One of them dies or has had a Total and Permanent Disability. The other partner is now in business with that persons partner? Could that cause complications? What if then that partner met someone else and they married/had a long term relationship. That original partner is now in business with someone they have never even met before!

A buy/sell agreement, backed up with the appropriate insurance cover enables the (survivor) to buy out their partners share of the business and retain control of the business in the event of such circumstances happening.