Business Banking
Life insurance
Protect your family or your business partners from financial hardship in the event of your death with a Buy Sell Agreement, used by businesses that are partnerships. Buy Sell Agreements contain a market assessment of the value of the business and outline what should happen if one or more of the partners were to die, become disabled or suffer a terminal illness. Life insurance is usually used as the 'funding' mechanism to buy out a partner’s business interest, should one of these events occur. It is by far the most cost effective way to protect a partnership and allow a business to survive and remain solvent.
Once you have the insurance you need, our insurance experts regularly review your coverage to ensure your business remains properly protected.