One unique feature of insurance is that it generates funds for the businesses during the most difficult times.
Often sudden deaths, disabilities or break up in business partnerships happen. In these situations, business has to buy back other partner’s share. In order to do so funds are required, however ground reality is that usually businesses don’t have spare funds in reserves to address such challenges.
This is the time when such insurance plans help and provide much needed cash for business survival. These plans help the business partners to buy other partner(s) share and enable the business owners to preserve their businesses from disintegrate. It is the reason this plan is often time also called buyout agreements.
At insupro we specialize in writing buy-sell-agreement for businesses and professional corps e.g. Doctors, accountants, lawyers, small business partnerships, family-owned businesses etc.