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Shareholder Protection Insurance

If a business owner passes away, share protection can offer a lump-sum payout to the surviving business owners.

A share protection arrangement allows the remaining business owners to buy the share of the business owned by the deceased owner directly from the estate of the deceased.


Shareholder Protection Insurance

Without Share Protection, What Happens if a Business Owner Passes Away?

In the absence of share protection, when a business owner passes away, their share in the business could potentially be inherited by their family. This scenario raises the risk that surviving business owners might relinquish control over a portion or, in some cases, the entirety of the business. The family may decide to participate in the business’s ongoing operations or opt to sell their share to a competitor.

Expert advice from Prima Insurance Brokers

With a wealth of experience spanning multiple years, we are the trusted experts in Shareholder Protection Insurance. We make it our mission to thoroughly understand each organization’s unique needs, forging a strong and dependable partnership.