Hard-working, creative and valued employees are the most powerful assets available to any business. That’s why it makes sense to protect against the loss of certain key members of staff, bolstering your company against the financial and operational fall-out of such an event. There are a range of life insurance plans which cover key employees, shareholders, directors and partners where required.
The directors of a company are often the major shareholders and key decision-makers within a firm. A successful business depends on the co-operation and experience of its directors. If one of these directors becomes seriously ill or dies it can create great difficulty for surviving directors and the deceased’s successor(s) alike. Thus the need to have a Co Directors Insurance in place which will give the company the security that there will be funds available to buy back shares should this happen.