Here at Safeguard Life, Buy-Sell Insurance, also known as Buy-Sell Business Protection and Buy-Sell Life Insurance, is our specialty. Each week, more and more business owners and entrepreneurs in Melbourne are choosing to protect themselves and their business with a Buy-Sell Insurance Policy.
A Buy-Sell Insurance Policy, also known as a “business will” or a “buyout”, is a legally binding agreement between business shareholders.
In basic terms, if you have Buy-Sell Insurance and a co-owner dies or is forced to leave the business through accident or illness, their share of the business ownership will typically pass to you. Buy-Sell Insurance will pay them out at the market value of their share holding.
Without a Buy-Sell Insurance Policy, sometimes also known as Buy-Sell Life Insurance, a business owner is unprotected in the event of a co-owner leaving the business for whatever reason. When that happens:
With Buy-Sell Insurance or Buy-Sell Protection, Safeguard Life will coordinate your Buy-Sell agreement so that if the arrangement is triggered, there is sufficient money from your Buy-Sell Insurance Policy to pay out the ceasing business partner. This means you will be in a position to continue on with your business – without the headache of having an unqualified or unwanted business partner onboard!
With our strong background in the finance industry, Safeguard Life in Melbourne is perfectly poised to deliver only the best Buy-Sell Protection and Buy-Sell Life Insurance advice to our clients. We pride ourselves on our extremely high standard of service, giving our clients personalised attention and going the extra mile to ensure that their every need is being met, no matter how small.
Our clientele reflects our reputation as insurance specialists. We only offer insurance advice, and that is why financial advisers and accountants refer their clients to us. In fact, last year we received over 150 referrals from various financial planners, general insurance brokers, mortgage brokers, lawyers and accountants.
Could you operate your business with an unqualified or unwanted business partner? Buy-Sell Business Insurance and Protection is what you need. Reduce your risk and protect yourself and your business. Contact Safeguard Life today and let us help you to secure your business’s future.
Safeguard Life are your Melbourne insurance specialists with a solid reputation for providing only the best insurance advice. Contact us for more information on our range of services, including Buy-Sell Business Insurance, Key Person Protection, Income Protection Insurance, Critical Illness or Trauma Insurance and Claims Management.