Mr. Goebel, the owner of the bus line and a hockey rink, currently has a “buy/sell” arrangement with his brothers regarding the business.

They pay about $75,000 a year in insurance just to protect themselves should there be a death.

Tom’s teenage children are not involved in the business yet, but will be and that will cost even more. He didn’t know an exact number, but he indicated he remembered it being “quite a big jump” to have the same insurance to protect the business for the kids when they are ready to get involved. Of course, he has also paid tens of thousands of dollars in attorney’s fees to address these issues. Mr. Slyman is paying about $75k for coverage of about $1OM.