You can’t predict what will happen in the years ahead, but you can make sure your business is protected at all times.
Corporate insurance provides businesses with protection against unforeseen events to mitigate risk.
One of the most serious events can be the loss of a shareholder. Because many businesses rely on the expertise and/or equity they provide, the loss of a shareholder due to death or critical illness can have a devastating impact on the future of the business.
Without a plan, a shareholder’s equity would pass to his or her estate, potentially meaning that your business is partially owned by someone who has no interest in the company’s future. Shareholder Protection Insurance provides surviving shareholders with the means to purchase the shares from a third party.