What is Buy/Sell Protection Insurance?
Buy/sell protection ensures business continuity by funding a buyout agreement if an owner passes away or becomes disabled. It helps surviving owners or heirs receive fair value and keeps the business in the right hands.
Cover Your Business From:
Owner Death
Owner Disability
Business Succession Disputes
Valuation Uncertainties
Funding Gaps
Heir/Partner Buyout Costs
FAQ
What is buy/sell protection?
It’s insurance that funds a buy-sell agreement if an owner dies, becomes disabled, or leaves the business. Ensures business continuity.
Who should consider this coverage?
Business partners, closely held companies, and any business where ownership changes could disrupt operations or create conflicts.
How does it work?
Policies pay a lump sum or ongoing benefit to surviving owners, funding the purchase of a departing owner’s interest as agreed in advance.
What types of insurance are used?
Life and disability insurance are most common. Premiums are usually paid by the business or individual owners.