"Co-Director Insurance means your family will receive fair value for your share of the business should you die"
Co-Director Insurance
What is Co-Director Insurance designed for?
Co-Director Insurance makes funds available to buy a director’s shares from their successor when the director dies.
Who should take Co-Director Insurance out?
The directors themselves
Why should you take out Co-Director Insurance?
Surviving directors can lose control if a deceased director owned over 50% of the company.
As the deceased director’s successor:
May be unfamiliar with the business
Could have cash flow problems after losing the deceased’s income.
“By putting in place Co-Director Insurance there is no ambiguity regarding the ownership of the business should a shareholding director die. And certainty is good for business”
Benefits of Co-Director Insurance for your company
Gives company directors peace of mind
Means the deceased’s successor does not have to become involved in the business
Means the deceased’s successor receives fair value for deceased share of business
Co-Director Insurance
What is Co-Director Insurance designed for?
Co-Director Insurance makes funds available to buy a director’s shares from their successor when the director dies.
Who should take Co-Director Insurance out?
The directors themselves
Why should you take out Co-Director Insurance?
Surviving directors can lose control if a deceased director owned over 50% of the company.
As the deceased director’s successor:
Benefits of Co-Director Insurance for your company
Wexford Financial Services Ltd. will advise you of: