key man insurance dublin
Key Man Insurance or
Directors and Officers Cover

What will happen to Your Business If The Unthinkable Happens?

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Business Owner Protection or Key Man Insurance.

Are you a Business Owner? If so, there are over 250,000 of you in Ireland employing over 1.3 million people . (CSO figures 2017)

That’s a lot of people relying on your health and continued wellbeing to ensure they continue to provide for their families.

Who will provide for YOUR family in the event of your serious illness? In the event of your death?


What happens to your business and to your family that relies on the income from your business?


Have you agreed with your co-owners what happens to your share of the business in the event of your death?

Does the business have the funds to buy out your family share?

Have you spoken to your family about the steps that will be taken with your business share to ensure their financial survival?

Should You Consider Directors and Officers Insurance? (D&O Insurance) Also known as Co-Directors Protection / Partnership Protection / Key Person Insurance

You have worked hard to build up your business, so it is important to consider what would happen to that business if you were to die or have a serious illness. You need to discuss how the business will cope with your serious illness or death or to the serious illness or death of your co-owners.

Have you put a financial agreement in place to ensure the business survives without uncertainty in the days and weeks that follow? Have you put cover in place for the key people to ensure there is money to buy out their shareholding?

Are all interested parties aware of the agreement, so there is no ambiguity after a serious illness or death?

Unfortunately directors and officers insurance is the one area of Life Assurance and Serious Illness cover that is grossly under utilised in Ireland. Most Business Owners leave their families for 12 hours or more a day to ensure the survival and success of their business, but don’t address the ‘What If’ questions.

As a business owner you need to take the final step to ensure that your family’s shareholding of the business is valued and protected.

Normally your Accountant values the business and we take it from there. The level of key person cover you need is determined by this valuation and then it comes down to affordability.

The fact that the D&O insurance cover is normally reviewed on an annual basis ensures that changes to the company set up are addressed promptly (new owners being appointed, others retiring, key people changing etc).

Some cover is better than no cover and it is a start, especially if it gets the conversation going among co-owners and their families.

Lets get started with key man protection or as we like to call it key person insurance……

We always follow a 4 Step Process to gather your information on your current financial arrangements, assess their suitability for your current circumstances and fill in the gaps:

Step 1 – Initial Meeting (Investigation)

We will sit down with you (and whomever you wish) to ask all the relevant questions which will
enable us to determine that we are the right fit for you.

Step 2 – Needs Analysis (Fact Finding)

We will gather all of your up to date financial information and then conduct a ‘fair market analysis’
to find solutions to your specific need.

Step 3 – Recommendations

We will present you with your options and discuss the merits of each.

Step 4 – Implementation

We will help you to put your chosen option(s) in place and guide you at every step of the way.

This will be done in a clear, concise, fuss free manner.

For many businesses and families the initial 1 hour Investigation Meeting shows them the stark reality of what their lack of planning is putting at risk.

The benefit to you is complete clarity:

• For your family
• For your business partners
• For your peace of mind

We ensure there are:

• No surprises
• Every recommendation is designed to match your specific circumstances
• Complete transparency and understanding of each recommendation
• We will simplify and consolidate your current financial needs

Our mission is to ensure, as appropriate, you, your family or your business partners know exactly what financial product you own and why you own it.

In addition we will complete an overview of your financial arrangements so that you will have a Roadmap for future financial planning.

There is absolutely no charge for this and this is our guarantee to you, your family and business partners.

Don’t forget this is a 1 hour meeting – Step 1 of a 4 Step Process that will simplify and consolidate your current financial needs and provide an Independent and tailored solution (s) for the future. This is too important to put on the long finger again.

Call Jacinta Lawlor on 01 906 0398 and organise your complimentary 1 hour Investigation Meeting today – ‘you have everything to gain and nothing to lose’.

We are happy to meet you (together with your accountant/ solicitor/ tax advisor if appropriate) at a location and time convenient for you.

Fundamental Life and Pensions Key Man Insurance.

32C Rosemount Business Park, Rosemount Park Drive, Ballycoolin, Dublin 11, D11 HD9C, Ireland

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