Business Assurance is a vital risk mitigation tool that ensures the protection of and provision for your business in the event of a loss of key personnel. It is essential for succession planning and to ensure your business remains fully operational and maintains financial liquidity. We can provide you with a comprehensive range of structured solutions suited to your unique business requirements.
BUY & Sell Agreements:
Ensuring your business can weather any storm is a critical part of any business strategy. In the event of the loss or disability of a co-owner, a buy-sell agreement will stipulate how a partner’s share of the business is reassigned. This ensures a smooth transition in ownership should a partner exit the business due to death, disability or retire. We help construct contracts with careful consideration to your business structure.
Key Man Cover:
Key Man cover is life insurance on a key person(s) in your business, such as the founder/founding partners, CEO, MD, Sales Director and other key members of staff. Key person insurance helps ensure the survival of the company in the event of a loss of those who make the business work. Insurance proceeds can be utilized for expenses such as debt payment, hiring of a replacement or severance to employees.
