One of the biggest risks that business partners take is failing to take adequate protection. Life is unpredictable; can you guarantee you will not fall sick? Now, let's take an instance in a business where one partner falls critically ill and is no longer able to continue business, or one partner dies. This will not only interrupt the business but bring significant financial constraints to the continuity of business and the livelihood of everyone involved. Partnership protection Insurance - How does it help? Partnership Protection Insurance is essentially life insurance taken out on each partner in the business. If one partner passes away or becomes too ill to continue working, this insurance provides funds for the remaining partners to buy their interests in the business, maintaining control of the company. This also ensures that when a partner is no longer with the company, his or her family is provided adequately. Any company registered as a partnership or limited liability par...