Whether you run a small or large business, it pays to protect your company and your employees.
The absence of shareholder agreements in New Zealand companies is a stumbling block that often results in costly disputes over how private companies are valued, run, grown, or even wound-up.
From an Insurance point of view, it is important for MakeInsure to understand how the company is structured, what agreements are in place, and what the intentions are of its directors under certain circumstances.
The main aim of this risk area is to ensure the smooth transfer of ownership or winding-up of the business in the event of a shareholder leaving the business upon death, permanent disability or diagnosis of a critical illness or major trauma.
There are various types of agreements and a business can have multiple agreements in place. For instance, a shareholder agreement and a buy/sell agreement.
At MakeInsure we work with your business to help find the best possible financial protection in the event of death or permanent disablement of a shareholder.
Talk to an adviser at MakeInsure to find out more click here.