Buy-Sell Life Insurance Policies
This product enables business owners to protect themselves in the event of a change in ownership or partnership. Should one, for example, wish to retire and exit the business (or a shareholder/partner passes away), this policy ensures that there is no interruption in service or an unfavourable change in management.
Benefits of Buy-Sell Insurance Policies
Retain professional management and continuity of service
Avoid devoting valuable management time to buyout negotiations
Ensure that the business is devolved at a predetermined price, enabling owners to factor into their retirement planning
The viability of the business is safeguarded
Easier transition for the remaining partners
The buy-sell agreement also provides a stipulation that protects the business from any disputes that may arise regarding the allocation of funds or assets. It ensures that all parties involved will adhere to the agreed terms and conditions, therefore making it easier to dissolve a relationship.
The number of shares or partners is not restricted
The buyout price can be predetermined on the date of policy inception and needs to be reviewed at least annually as the business grows
It can cover existing as well as future shareholdings and partners, even where this applies to unincorporated companies.
This solution protects against sudden death, incapacity or retirement of a shareholder, member or partner.
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I.H.S. offers a variety of insurance-related services including:
Key Man Insurance Policies
This product is beneficial to individuals whose business would suffer if a Key Person associated with it were to die or be disabled and unable to continue as an employee of the company.
Buy-Sell Insurance Policies
This product enables business owners to protect themselves in the event of a change in ownership or partnership, as a result of the death, disability, or resignation of a shareholder.
Contingent Liability Policies
This product is purchased in the event of financing needed for the business. This could be as a result of expansion or purchasing of a large asset by the business. It could be also be necessary at the time of purchasing the entity.
What Our Clients Say About I.H.S
This is just a small sample of our clients’ testimonials! If you are interested in any of the business insurance packages that IHS offers, please contact us at 010 591 2492.
I.H.S. has provided business insurance for me and my partner's stores. Brian was very friendly and helpful! The good thing about I.H.S. is that they are fast, efficient, and reliable - I can always count on them to get the job done. They handle all of our insurance needs, which means we don't have to worry about a thing!
When I was looking for a business insurance broker to help me with my policy, I talked to several different firms. It quickly became clear that Brian at I.H.S. was the best choice. He has a huge amount of experience and knows what he is talking about - it's very easy to see why he is the best business insurance broker in South Africa.
I.H.S. has been a lifesaver for my business! When no other insurance broker could help me, Brian was able to provide me with a comprehensive policy that fully protects my business. I have a strong piece of mind knowing that if something were to happen, the business will move into its next chapter.