Co-Directors Business Cover
What Our Customers Say
Co - Directors Business Cover is used to provide funds to a company, that is a separate legal entity and its Directors, to purchase shares from a Successor in the event of the death or serious illness of a Director
This type of insurance is very important in managing any sudden transfer of ownership between Directors.
It ensures that shares in the company can be owned and controlled by the remaining Directors of the company in a positive personal and financial environment
Without the necessary funds to purchase shares, the transfer and ownership of these important shares can understandably lead to challenging situations and sometimes have a negative impact on the current and future business performance
Please see summary below of the main points to consider when thinking about Co- Directors Business Cover
Co- Directors Cover & 3 Points to Consider
Insurance cover deliver funds to the surviving Directors
These funds can be used to purchase any inherited shares from the Directors Successor.
- This helps to avoid the situation that could arise of the surviving Directors losing control of the Company.
The Cover - for Companies that are a legal entity
Life Cover including Serious Illness Cover is set up for the Co - Director
The Co - Director dies or has a serious illness
The insurance cover releases funds to the Company Directors
The funds helps to ensure that the Company will remain financially stable.
The Successor does not have to become involved in running the business
Quotes for Co- Directors
Normal life insurance and serious illness protection plans can be used
Quantifying the amount of cover will need a meeting and needs analysis
- To Get a Quote, follow this link for an immediate response
Revenue rules and the Legal requirements
Life Goals Financial Services are qualified to advise on all aspects of Co- Directors Insurance
We work with legal and tax advisers to put the correct business cover is in place
- Ensure that it aligned with all Revenue Commissioner rules and Legal requirements
We would be delighted to offer you our friendly advice and expertise
To take us up on this offer at anytime, please Contact Us