Protecting and minimizing the risk to you and your business is of the highest importance to you and your partners. Businesses will most likely have already put measures in place such as insuring property, equipment, stock and vehicles. While these are all very sensible precautions, you should also consider Partnership Insurance and ask yourself two very important questions. If one of the partners in your firm were to die, what would happen to your business? Would the surviving partners have the funds to buy out the deceased partner’s share of the business? Although these are not questions any of us like to think about, the reality is that the chances of one of the partners in a firm dying during their working life is much higher than you may think. And the business consequences can often be devastating. https://www.walshgroup.ie/what-is-partnership-insurance-and-why-should-businesses-have-it/
Protecting and minimizing the risk to you and your business is of the highest importance to you and your partners. Businesses will most likely have already put measures in place such as insuring property, equipment, stock and vehicles. While these are all very sensible precautions, you should also consider Partnership Insurance and ask yourself two very important questions. If one of the partners in your firm were to die, what would happen to your business? Would the surviving partners have the funds to buy out the deceased partner’s share of the business? Although these are not questions any of us like to think about, the reality is that the chances of one of the partners in a firm dying during their working life is much higher than you may think. And the business consequences can often be devastating. https://www.walshgroup.ie/what-is-partnership-insurance-and-why-should-businesses-have-it/
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