Share Purchase Insurance
WHAT IT IS
Share Purchase Insurance provides you with the funds to buy out and purchase shares of co-owners/partners in the event of their death or permanent disability. This takes away the risk of having to self fund the purchase where in many cases this is just not possible to do. Your share purchase insurance will cover the cost of buying out those shares.
WHY YOU NEED IT
You were in control when you started up your business, and you fully trust your fellow shareholders. Now a critical event has occurred and one party can no longer work and contribute to the business.
Quite literally over night the positions of many has changed and you’re at risk of being in business with people who don’t share your values, your vision and your ethics on how to run your business.
You need Share Purchaes Insurance because you could be at risk of losing years of business goodwill, profit and rightful ownership.
HERE'S WHAT IT PAYS FOR
You receive insurance cover to purchase the shares that are held by your partner/partners. You won’t have the extra worry around self-funding and all the extra stress that comes with it.
HOW TO SET IT UP
Our advice is to always talk to one of our independent, professional insurance advisers. We’re here ensure you have the correct cover. It’s crucial at claim time that the information provided is accurate.
As we don’t work for one insurance company, we offer bespoke insurance options to suit your individual needs.