If you sell your company’s entire business, your company’s TyEL insurance ends. Your employees will be transferred to the insurance policy of the buyer of the business.
If you sell only part of the business and some employees remain with your company, your company’s TyEL insurance will remain valid. The employees who are part of the sold business will be transferred to the buyer’s insurance.
The business transaction might also affect the insurance of the company’s owners. Read about YEL insurance for the self-employed here.