If your executive benefits don’t include a buy/sell agreement, your business is at risk. Luckily, Ornellas Insurance (+1-916-804-9888) offers comprehensive plans that include this agreement.
Drama is best reserved for the courtroom, not the boardroom. That’s why Ornellas Insurance offers executive benefits for law firms that cover owner or partner buyouts.
You can add a buy/sell agreement to your insurance policy, which can help foster business continuity if you pass away or become incapacitated. This rider is geared toward closely held legal practices since the agreement provides a clear course of action for the other owners if something untoward happens to you.
Learn more by visiting https://ornellasinsurance.com/executive-benefits/
President Helen Ornellas explains that a buyout agreement delineates the terms under which your share of a business can be bought or sold under predetermined circumstances. It plays a pivotal role in protecting your firm against potential issues that may arise if you were to be indisposed.
Ornellas Insurance’s buyout agreement proves valuable in scenarios like the death of an owner, permanent disability, planned retirement, and even personal bankruptcy. Moreover, it streamlines dispute resolution among owners, allowing all parties to avoid drawn-out lawsuits that disrupt business operations and tarnish your firm’s reputation.
The buy/sell agreement addresses vital aspects such as business valuation and the financing of the buyout. It frequently involves life insurance policies, providing a financial safety net for the remaining owners to acquire your share without undue financial strain.
The agency recognizes the importance of tailored solutions in the ever-changing business landscape. By providing you with buy/sell agreements, the company demonstrates its commitment to helping your law firm protect its future, giving you peace of mind.
Ornellas says: "Ornellas Insurance brings a tailored approach to the table. Our buy/sell agreement isn't just a safeguard; it's a promise of seamless transitions and a steady future. We believe that protecting what you've built is paramount, and our enhanced executive benefits package reflects that promise."
With over two decades of insurance expertise, Ornellas & Associates is dedicated to providing comprehensive but cost-effective solutions to clients. With a track record of assisting over 10,000 individuals in obtaining life insurance, Medicare, long-term care, or disability insurance, the team offers custom solutions for each client's individual circumstances.
You can’t predict the future but you can prepare for the worst-case scenarios. For your law firm’s sake, get a buy/sell agreement from Ornellas Insurance today.
To learn more about the insurance agency’s comprehensive executive benefits package, you may visit https://ornellasinsurance.com/executive-benefits/
