TCC 59 - The Mystery of Business Insurance

What happens if your key employee, the one who practically runs the whole show, dies or becomes disabled? What happens if your business partner suddenly decides to retire and wants his share of the business? How and where do you find the funds for this? Business insurance is a way of swapping the risk of these events occurring for the payment of a premium to do so. In today's episode we unravel the mystery that is business insurance and how the policy could be owned tax effectively and payable to the right people at the right time.