Are you running a business of your own? Sometimes, people cannot independently handle a business. They need other partners to also contribute to the business operations and obviously get a share of the revenue. But often unfortunately businesses also dissolve. There can be issues with the profit or the business might face a lawsuit due to some mishap. And sometimes, even partnership disputes can break a business down. That is why whenever you are trying to start your own business, you should also arrange for business separation insurance. It is a legal arrangement that comes with a succession plan. You are basically signing a buy-sell agreement where both the partners agree upon a value of the business and each partner will take their life insurance programs which will be half of their business value. The proceeds of the insurance policy will be used to get hold of the deceased partner’s share. We, at Legacy Partners, can help. With our experience and quality business insurances, we have gained a solid reputation in areas like Fresno, Inglewood, North Hollywood, Northridge, Pasadena, and Sherman Oaks.
Here, we have enlisted a few major ways in which Legacy Partners can help you with your business separation insurance. Take a look.
- Quality Coverage
We understand the financial aspects of a business and the sort of risks that even partners have to face when they are running a business. That is why we can provide you with an effective coverage which meets all your needs and assures you that you will get your fair share even after you have separated from your partner.
- Affordable Premiums
We make sure that your pockets do not have a huge hole punched into it because of this insurance. We have priced our insurance programs quite reasonably and make sure all kinds of businesses can afford us.
So, if you are interested in choosing us for your business separation insurance, contact us today.