Amy Mandel Insurance

  Buy-Sell Insurance: Protecting Your Business Partnership For business owners in Vaughan, securing the future of their company is paramount. Buy-sell insurance, also known as buy-sell agreement funding, is a critical tool for protecting your business partnership in the event of a partner's death, disability, or retirement. This type of insurance ensures a smooth transition of ownership and protects the financial interests of all parties involved. What is Buy-Sell Insurance? Buy-sell insurance is a contractual agreement between business partners that outlines the process for one partner to buy out the ownership interest of another partner under specific circumstances. It is typically funded by life insurance policies on each partner, providing the necessary capital for the buyout. Why Buy-Sell Insurance Matters in Vaughan Vaughan is a thriving business hub with numerous partnerships and closely held companies. Without a buy-sell agreement in place, the unexpected departure of a par...