Key Person Insurance

As a business owner you understand that the company is only as good as the people it employs. Some employees are crucial to the success of the business, they may handle the overall running of the business and the finances or manage the employees and customers. If the company was to lose this key employee through death or illness, it would negatively impact the company.

Key Person Insurance is a type of life insurance, specific to businesses. With Key Person Insurance you pay a set premium on a regular basis. It is important to note the Key Person Insurance only covers your business. To protect your family you will also need to have a personal Life Insurance policy. 

Having Key Person Insurance in place helps to safeguard the company against the loss of an important employee. It gives the company peace of mind to know that precautions are in place to protect the company if required. A Key Person Insurance policy will protect the company from financial losses, will allow the business to operate as before, will assist the company in paying back loans (if required) and will also assist in covering the recruitment costs for a replacement employee.

Key Person Insurance can be bought for all businesses irrespective of the size of the company. If the unexpected happens and your key person is lost through sickness or death, then the policy will pay out a lump sum to compensate for the event.

Our experienced Financial Advisors in Cavan & Monaghan will guide you through the process to ensure you get the best from your Company Insurance. Get in touch to make an appointment.

Partnership Insurance

Many businesses are formed on a partnership basis. For many years each partner has contributed to the company by providing collateral, collaboration, support, knowledge and friendship. If one partner becomes too ill to work or dies, it can be a very distressing and upsetting thing to deal within a company. Apart from dealing with the grief, the other partner(s) also have the business side of things to take care of. The loss of the other partner can leave the company in a serious financial and legal situation. The company may be required to pay out to the deceased person estate. With partnership insurance, all of this is taken care of. The funds will be released to effectively pay off the estate and to safeguard the company’s future. 

With Partnership Insurance you pay a set premium on a regular basis. The amount to be paid needs to be agreed beforehand and so both legal and taxation advisors are required to assist before the Insurance policy is put in place. 

Having Partnership Insurance gives you the financial security to cover costs associated with such an event, allows the next-of-kin to get a payout so they don’t have to take the place of their loved one, and gives the company real peace of mind to know they will retain full control and can keep the business operating as before.

Partnership Insurance can be bought for all business partnerships irrespective of the size of the company. If the unexpected happens and a partner is lost through sickness or death, then the policy will pay out a lump sum to compensate for the event.

Our experienced Financial Advisors in Cavan & Monaghan will guide you through the process to ensure you get the best from your Company Insurance Get in touch to make an appointment.

Company Director Insurance

A company needs a strong team of financial directors in order for the company to grow and prosper. They are the life-blood of the business. The sudden loss of a director through sickness or death can negatively impact the business. It can be a very distressing and upsetting thing to deal with in a company. Apart from dealing with the grief, the other director must also deal with the business side of things. The loss of a director can leave the company in a serious financial and legal situation. The company may be required to pay out to the deceased person estate. With Co-Director Insurance all of this is taken care of. The funds will be released to effectively pay off the estate and to safeguard the company’s future. 

Co-Director Insurance is a type of life insurance, specific to businesses. With Co-Director Insurance you pay a set premium on a regular basis.

Having Co-Director Insurance gives you the financial security to cover costs associated with such an event, allows the next-of-kin to get a pay out so they don’t have to take the place of their loved one, and gives the company real peace of mind to know they will retain full control and can keep the business operating as before.

Co-Director Insurance can be bought by the directors of any company,  irrespective of their size. If the unexpected happens and a partner is lost through sickness or death, then the policy will pay out a lump sum to compensate for the event.

Our experienced Financial Advisors in Cavan & Monaghan will guide you through the process to ensure you get the best from your Company Insurance. Get in touch to make an appointment.

Monaghan Office


42 Dublin St,
Monaghan,
Co.Monaghan
H18DX90


049 4326841

[email protected]

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Drumlin Financial Services Limited t/a Key Financials is regulated by The Central Bank of Ireland. Registered Office: Aeta Place, Gortnakesh, Cavan, Co Cavan. Company Registration no. 407677

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