Small Business Insurance
Some insurers provide specialist Small Business Insurance cover specifically for small business owners to pay for business expenses such as business debts, fund partnership buyouts and in some cases, you can insure a x (times) factor of your key person salary. The scope of this article is not to provide any business advice, but to help you understand how you can use innovative insurance products to provide capital if the need to buy out a business partner in the event of death or disability of that business partner. Death of a business partner. Apart from the emotional loss and the [...]