Business Key Person and Succession Insurance

Business Key Person and Succession Insurance

Business key person and succession insurance are an integral part of succession planning that allows for the efficient and fair realisation of equity between owners of a business, if one business owner dies or needs to leave the business due to illness or disablement.

Any business succession plan should facilitate: the transfer of equity between the remaining business owners, certainty that beneficiaries receive their full entitlement for the value of the equity in the business, and protection of the value of the business if one owner dies or suffers illness or disablement

Business succession insurance is designed to provide the necessary funding to achieve these goals. Insurance can be a tricky area with lots of options to consider, so talk to an Ausure Financial Adviser to protect you and your family today.

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