What does Business Continuation Insurance mean? Read on to discover the definition & meaning of the term Business Continuation Insurance - to help you better understand the language used in insurance policies.
Business Continuation Insurance
Business continuation insurance is insurance structured to protect against the financial effect of the death of disability of a partner and support business succession planning. Usually comprising life and disability insurance policies, the policies depend on the terms of ownership transfer, which may take the form of a buy-sell, cross purchase, or entity purchase plan.
We hope the you have a better understanding of the meaning of Business Continuation Insurance.