Business continuation insurance helps businesses maintain operations by providing funds if a key person dies or becomes disabled. It supports succession plans and minimizes disruption. Two main types are entity-purchase, where the business is the beneficiary, and cross-purchase, where individual owners receive benefits. Policies often combine life and disability coverage, enabling partners to buy the impaired executive's share and avoid ownership passing to heirs. Non-owners vital to operations can also be insured to prevent disruption.
