Share Purchase Insurance

Share Purchase

Have you considered how your business would survive if anything happened to you or your partner/s?

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Have you considered how your business would survive if anything happened to you or your partner/s?

Is there any agreed process in place to ensure the orderly exchange of shareholding should a partner or shareholder die or suffer a TPD event?

Often referred to as a “Business Will”, stakeholders in a business may protect against the loss of a principal from death, total permanent disablement or defined trauma/critical illness through a Share Purchase Agreement. This will ensure an effective mechanism for the orderly transfer of equity and/or control in the event of one of the above.The loss of a business owner from any of the events above will often result in the demise of an otherwise viable business simply because there was no succession plan and funding agreement in place.

A suitably drafted business succession plan incorporating insurance funding will ensure that the “right money goes into the right hands at the right time”, ensuring certainty for all parties. It is of utmost importance to protect your investment and to ensure the survival of your business. Mooneys Life Insurance Advisors has access to legal and accounting services to enable the provision of specialised advice if required.

If you would like to find out more about Share Purchase insurance you can contact us here.