Business Equity Protection Plan

Introducing the Business Equity Protection Plan, exclusively available through DiPro Insurance Company, poised to transform the approach to safeguarding small business ventures. Our plan introduces a distinctive benefit for business partner buyouts, seamlessly merging with your current insurances like professional liability, disability insurance, employment practices liability, and directors and officers insurance, ensuring unrivaled peace of mind and security. With the Business Equity Protection Plan, you unlock strategic advantages for sustaining business continuity and fostering growth.

Primarily, our plan serves as a shield against unexpected situations, providing financial security in case of a claim filed against you or your partners. This buyout insurance feature guarantees seamless transitions and stability within your business, should you and your partner choose to separate, empowering you to confront challenges with assurance.

Furthermore, our plan goes beyond conventional coverage by providing inventive solutions for employee management. Alongside safeguarding your business assets, the Business Equity Protection Plan can be utilized to furnish severance packages for employees, showcasing your dedication to their welfare even during challenging periods. With the Business Equity Protection Plan, small business owners can focus on what they do best – driving growth and innovation – knowing that they have a robust safety net in place. Partner with DiPro Insurance today to elevate your protection strategy and take your business to new heights.

Lawsuits Destroy Partnerships

Most companies buy insurance to cover lawsuits.

Very few are protected from what lawsuits do to their ownership structure.

Common triggers that cause partner exits include:

Employment lawsuits

Shareholder disputes

Errors and Omissions

Disability

These events often require expensive partner buyouts that businesses are not prepared to fund.

The DiPro Solution

The Business Equity Protection Plan (BEPP) is a specialized insurance solution designed to protect businesses from ownership disruption.

Coverage may reimburse:

Partner equity buyouts

Severance payments

Ownership transition costs

BEPP works alongside existing coverage such as:

Directors & Officers (D&O)

Employment Practices Liability (EPLI)

Professional Liability

Disability

How it works:

Example Scenario: Restaurant Partnership Dispute

A restaurant ownership group faces an employment practices lawsuit.

Even though the claim is insured, the partners can no longer work together and one partner must exit the company.

Required buyout: $150,00

The Business Equity Protection Plan reimburses the buyout and severance, stabilizing the business and preserving operations.

A lawsuit or dispute occurs.

The relationship between partners breaks down.

One partner must exit the company.

BEPP reimburses the buyout and transition costs, allowing the business to continue
operating.

Coverage Comparison: