In order to better protect businesses and their owners, it is important to consider covering certain eventualities and needs with insurance. For example, Buy-and-Sell insurance can be used to assist in financing the purchase of a partner’s share in the business should he die or become disabled.

Contingent Liability Insurance can be used to cover large liabilities in the business should an owner die or become disabled.

Keyperson insurance can be used to cover the costs of replacing a key person in the business, should he die or become disabled.