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Anyone who comes in contact with you or your employees in the course of your business can file a claim or lawsuit against you for any number of reasons—from a customer injury to a broken contract.
As a partner or co-owner (private shareholder) of a business, you’ve spent years building a valuable financial interest in your company. If you thought about setting up a buy-sell agreement to ensure your surviving family a smooth sale of your business interest than consider life insurance.
Key Person Insurance is a critical component of any organization because it can help the company survive the blow of losing an integral member of your business.