Corporate Co-Director Insurance

What is Corporate Co-Director insurance for?

Corporate Co-Director insurance can make funds available to a company in order to buy a director’s shares from their successor when the director dies.

Who takes out Corporate Co-Director insurance?

The company on behalf of its directors

Why take Corporate Co-Director insurance out?

The surviving directors can lose control if the deceased director owned more than 50% of the company.

The deceased successor:

  • may not be familiar with the business;
  • could have cash flow problems because of losing the deceased’s income.
  • Gives the company funds to buy back shares if a director dies
  • Means the deceased’s successor does not have to become involved in the business
  • Can also cover a director of the company becoming seriously ill

Corporate Co-Director insurance benefits

  • Gives the company funds to buy back shares if a director dies
  • Means the deceased’s successor does not have to become involved in the business
  • Can also cover a director of the company becoming seriously ill

Get in touch…

So if you’re located in Dublin or the greater Dublin area and are in need of a professional and reliable Co-Director Insurance advice, don’t delay; contact our Business Protection expert Robert O’Neill today on 086 229 3032 or email at rob@mcfinancial.ie.

Our Contact Details

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MC Financial Services
Unit 9, Coolmine Enterprise Centre,
Coolmine, Dublin 15
Phone: 01 822 8022
Mobile: 087 932 1882

Email: info@mcfinancial.ie