Business Protection
There are 185,000 Small to Medium Enterprises in Ireland!
Own Business
You’ve worked hard to build up your business so it is important to you, and you are important to it! What would happen if you were unable to work, due to illness, injury or death!
The solution; You can take out a policy (for a pre-selected amount), to fund recruitment of a manager to run the business on your behalf.
Partnership
Partners/co-directors, should consider the impact of a death on your business. What would happen to the deceased’s shareholding? Would a spouse or family member take over, or would the surviving partner(s) be in a position to buy out a shareholding and continue on?
The solution can lie in an agreement to cover each other, the lump sum utilised to purchase shares. This allows the business to continue without the interference from a family member (who may not have the skills to contribute), and also provides a lump sum for the family of the deceased.
It is important to take advice as to the value and the share held by each.