![]() Business InsurancePartnership InsuranceProtection for joint owners. Co-own or a partner in business? It makes sense to take out insurance in case one of the partners becomes disabled or deceased so that the other partner may buy the business interest and keep the business active. Partnership Buy-Sell Insurance includes an agreement. This agreement which is funded by life insurance and provided for when the owners are alive, ensures that heirs can sell their share of the business to surviving owners, and that the surviving owners can buy their share of the business. The business interests are further protected as each owner agrees not to sell their interests without first offering to the remaining owners at an agreed-to price or formula. The options for Partnership Insurance are many, and we would be most pleased to discuss options suitable for you, your partners and your business. |
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