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 could be at risk of losing years of business goodwill, profit and rightful ownership.
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.