Share purchase insurance
If a partner or a shareholding director become critically ill or dies, the impact on a successful business can be enormous. For example:
Part ownership or shares may pass under will or intestacy to people who are not suitable or interested;
Remaining partners or directors may not have sufficient funds to acquire the shareholding which could lead to a forced sale, or even a takeover from a competitor.
These are just a few of the many problems that could be experienced.