Yes. Each owner is insured, and the agreement sets how an owner’s shares are divided among the remaining owners.
Can buy-sell insurance cover multiple partners in a Canadian business?
Reviewed by Garrett Agencies Ltd., October 2026. How we write
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More about buy-sell insurance
Funds an agreement between co-owners, so the business and each owner’s family are protected if one dies or becomes disabled.
More questions about buy-sell insurance
- How does buy-sell insurance work in Canada?
- How is the value of a business partner’s share determined for buy-sell insurance?
- Are premiums for buy-sell insurance tax-deductible in Canada?
- What are the benefits of having buy-sell insurance for Canadian businesses?
- Is buy-sell insurance mandatory for businesses in Canada?
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