Buy & Sell Cover

Secure the Future of Your Business Partnership

What happens to your business if one of the owners passes away, becomes disabled, or suffers a critical illness? Without a clear succession plan and financial provision in place, even the most successful businesses can face uncertainty, legal disputes, and financial strain.

That’s where Buy and Sell Cover comes in.

What Is Buy & Sell Cover?

Buy and Sell Cover is a life and disability insurance policy taken out by business partners on each other’s lives. It provides the funds needed for the surviving partner(s) to purchase the deceased or disabled partner’s share of the business—based on a legally binding agreement.

It’s not just an insurance policy—it’s a business continuity plan.

WHY YOU NEED IT

Prevents Ownership Disputes

Without Buy & Sell Cover, the deceased partner’s share may pass to heirs or family members, who may have no interest or experience in the business.

Protects Business Value

It ensures the business continues to operate smoothly without forced sales, disputes, or interruption.

Provides Liquidity to the Estate

The policy payout gives the deceased partner’s family fair market value for their share—without relying on the business to come up with cash.

Keeps Control Within the Business

Surviving owners retain full control of the business without outside interference.

Contact us for Buy and Sell Insurance tailored to your specific needs

Our Approach at Salus Risk

At Salus Risk, we do more than just recommend a policy. We conduct a full Business Needs Analysis, determine the right levels of cover, and ensure the structure is supported by:

Drafted Buy & Sell Agreements
Fair business valuations
Tax-efficient structuring

We work alongside your accountant and legal advisors to make sure everything is compliant, enforceable, and tailored to your business’s unique setup.

Buy & Sell Cover gives your business certainty, your partners security, and your family peace of mind.

Benefits of Buy and Sell Cover

Maintains Business Continuity

Prevents operational disruption and ensures that the business can continue without legal or financial delays.

Avoids Unwanted Shareholders

Ensures that the business share doesn’t pass to heirs or spouses who may not be involved in or suited to the business.

Provides Fair Compensation

Heirs of the deceased or disabled partner receive fair market value for their share—promptly and tax-efficiently.

Eliminates Conflict & Legal Disputes

A properly funded and structured agreement reduces confusion, delays, and disagreements during emotionally difficult times.

Strengthens Succession Planning

Forms part of a comprehensive business risk strategy, ensuring seamless transitions in ownership.

Tax-Efficient Structuring

Policies can be structured with appropriate ownership and beneficiary nominations to reduce tax impact (subject to advice).