Understand why insurance combined with carefully drafted shareholder agreement clauses are powerful tools for helping protect the value your businesses. Most of the entrepreneurs that we meet are generally optimistic about their businesses’ prospects. The majority of their time and resources are spent working towards the future success of their business. Most businesses are required to carry general commercial liability insurance by their landlords or other third parties, and in some cases business interruption insurance. However, it is very common for entrepreneurs to believe the benefits of obtaining other types of insurance to protect against events that will “never happen” to them or their co-founders is vastly outweighed by the costs of planning, obtaining and maintaining such insurance. Unfortunately death, disability or liability may arrive at some point for any entrepreneur regardless of age and experience. Having the appropriate type...