Business insurance
Keep the business in the family's hands.
Protect the company from the financial shock of losing an owner or partner — buy-and-sell funding done right.
- Buy-and-sell cover
- Key-person element
- Debt & surety settlement
Business life insurance protects a company from the financial shock of losing an owner, partner or shareholder. It funds the things a business can't afford to leave to chance when a key person dies — buying out their share, settling debts and keeping the business stable through the transition.
Ample structures business assurance — buy-and-sell, key-person and contingent liability cover — so ownership passes smoothly and the business, the surviving owners and the deceased's family are all protected.
What Business Life Insurance covers
Buy-and-sell cover
Funds the surviving owners to buy the deceased's share at a fair value.
Key-person element
Cushions the profit and stability hit of losing a vital person.
Debt & surety settlement
Clears business debts and releases personal sureties.
Fair value for the family
Ensures the estate receives proper value for the share.
Ownership continuity
Keeps control with the remaining owners, not outside parties.
Structured agreements
Backed by a proper buy-and-sell agreement we help put in place.
Who business life insurance is for
- Companies with two or more owners
- Partnerships and shareholders
- Family businesses planning succession
- Owners who've personally guaranteed business debt
Business Life Insurance FAQs
What is buy-and-sell insurance?
It's life cover on each owner, backed by an agreement, so that if one dies the others have the funds to buy their share — and the deceased's family receives fair value in cash rather than being stuck with an unsaleable stake.
Why not just leave my share to my family?
Your family may not want, or be able, to run the business, and the surviving owners may not want a new co-owner. Business life cover converts the share to cash for your family and keeps control with the remaining owners.
Is this different from key-person cover?
Yes, though they're related. Buy-and-sell funds the change of ownership; key-person cover protects the business's profits and stability. A full plan often includes both, plus contingent liability cover.
Do we need a formal agreement?
Yes — the insurance and a properly drafted buy-and-sell agreement work together. We help make sure both are in place and aligned, so there's no dispute when it matters.
This page is general information, not financial advice. Cover varies by policy and provider — your dedicated Ample broker tailors it to your needs.
Related business cover
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- Call us0861 112 466
- Email usinfo@ampleinsurance.co.za
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