Buy Sell Disability

Numerous businesses are started and owned through a partnership, which can pose a unique problem if one of the partners become disabled. Buy sell disability insurance can protect the continuity of ownership and the business itself. Whether it’s a stock redemption or a cross-purchase agreement, Tokio Marine HCC has the underwriting expertise to design a plan to meet your needs.

Highlights

3-year policy periods
12 or 24-month elimination periods
Lump sum option available
Worldwide coverage

Target Insureds

Business owners
Partners
Shareholders

Summary of Coverage

Coverage provides a lump sum benefit when an owner suffers permanent and total disability resulting from an accident or illness. Often the elimination period is 12 months or follows the terms of buy sell agreement. The payout of the policy provides funding for the active partner to purchase the disabled executive’s portion of the business.

Key Person Disability

Key person disability insurance is an accident and sickness policy purchased by a third party to insure against the loss of a key employee.

Critical Asset Protection

Critical Asset Protection (CAP) protects the economic investment of a key person or persons in the event of death by any cause.

Why Tokio Marine HCC?

Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance. Our products and capabilities set the standard for the industry, and many of our almost 3,000 employees are industry-leading experts. Each of our highly entrepreneurial businesses are equipped to underwrite special situations, companies and individuals, and acts autonomously to deliver effective solutions.