Key Man Insurance Dublin D&O Insurance Cover Dublin – Directors and Officers Insurance

Keyman Insurance Dublin,

Fundamental Life and Pensions 32C Rosemount Business Park, Rosemount Park Drive, Ballycoolen, Dublin 11, D11 HD9C, Ireland Tel:+353 1 906 0398

Business Owner Protection Insurance or Key Man Insurance Cover Ireland.

Are you a Business Owner? If so there are over 185,000 of you in Ireland employing over 1.2 million people. (CSO figures 2014)

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

Business Owner Protection insurance also known as key man insurance and d&o insurance short referring to directors and officers insurance.

Today we prefer to refer to this as key person insurance. Keyman protection will protect you and your business from serious illness and or death.

We help you to put key man cover in place for your key people to ensure there is money to buy out shareholdings.

All interested parties will be covered so there is no ambiguity after a serious illness or death.

What is Key Person Insurance?
This is a business-specific life insurance that can compensate a company for the financial loss and other consequences of the death of an important member of the business.

This kind of life insurance is taken out by a company of any size, where there is a need to protect against the loss of an extremely valued employee of high financial or strategic importance to the business.

Key Person Insurance is also referred to as key man insurance but it is now appropriate to replace keyman with keyperson insurance, we often find that it is also known as directors and officers insurance or D&O insurance
d&o insurance or simply directors insurance.

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Keyperson insurance and D and O insurance are the same type of insurance policy that all offer essential keyman protection. to get a fast key man insurance quote, simply contact Jacinta Lawlor at Fundamental Life and Pensions Dublin today.

Key Man Insurance Dublin D&O Insurance Cover Dublin – Directors and Officers Insurance

Key Person Insurance official Video

Key Person Insurance is a whole life insurance policy that a business buys on a key person’s life.
A Key person may be the owner of the business, an executive or an employee with very important responsibility in the business. In case of the sudden death of the key employee the company could be harmed in a significant way.

Key person insurance pays the business the death benefit which is utilized to cover the economic loss As a result of the sudden death. The company will be able to recruit or train someone to fulfill the position with the death benefits money, operations can continue smoothly with no interruptions.

The Key person insurance policy puts a business in a more financial stable light to creditors and could serve as a collateral for a loan.
It is always best to plan wisely for the future.

please visit or call 347-598-8425

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Whatever type of insurance you need, we have it:

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Key Man Insurance

We’re based in Jakarta Indonesia and are ready to help.

Business Insurance – The Top 10 Tips To Never Paying More For Your Business Insurance Ever Again

1. Be honest. It may sound the most obvious statement but forgotten or inaccurate information could affect your insurance at a later date. Your motto should be, if in doubt, declare it. Whether you've had a small bump in a supermarket car park or have made a claim against your liability insurance – tell your insurance broker or company up front or when it happens

2. Use an insurance broker if you can not spare the time to phone or shop around yourself. An insurance broker will search a large number of leading insurers for you so you could save money as well as time. When deciding which insurance broker to use things to look for are: Are they well established? Do they have facilities with the leading insurance companies? Are their staff experienced and do they understand your industry?

3. Choose your insurance provider carefully. A recent survey conducted by Holden Pearmain, the market research company, showed that 63% of small and medium sized businesses (SMEs) preferred using a local supplier when it came to their insurance provider. And 42% surveyed felt using an insurance broker was the best way to get the best deal. When choosing your insurance provider look for a company that understands your needs and has facilities with leading insurance companies to ensure you get the right cover, at the right price.

4. Make sure you are covered correctly. Insurance can be confusing so if you are unsure of anything, ask your broker or insurance company before taking out a policy. They are the experts so take advantage of their knowledge.

5. Increase your excess. If you're looking to reduce your premium without sacrificing cover, you could opt for an additional voluntary excess on top of your compulsory excess. By increasing your excess you could reduce your premium.

6. Make sure your promises are secure. Many insurers will only offer cover on certain promises if they are fitted with a certain level of security. Find out the exact type of security your promotions has as this could reduce your premium.

7. Consider placing all your insurance policies with the same insurance broker or company. Not only will this make your administration far easier, but you may also qualify for discounts for having more than one policy with them. Certain insurance brokers and companies also offer discounts for recommend them to your friends and family. If in doubt, ask.

8. The cheapest is not always the best. As insurance is not a "sexy" purchase, many businesses opt for the cheapest is best option. Do not always assume this is the case. Make sure the policy you buy gives you the level of cover you require. Do not leave it until you make a claim to find out if the policy meets your needs. Make a list of what you need from an insurance policy and make sure the policy you buy includes it.

9. Do not forget the additional cover. When buying insurance for your business, remember that there are several types of additional cover that maybe offered to you. Whilst not all of these will be necessary, there are certain types of cover that maybe of real benefit to you. Some examples of these include: Legal Protection Personal Accident Directors & Officers Liability Public & Employers Liability Business Travel Key Person Insurance

10. Do not worry. Buying insurance for your business can be a minefield with so many insurance providers and insurance policies available. However, there is no need to worry as providing you choose the right insurance provider, they should have the experience and expertise to guide you through your options and make sure you get the best deal.



Source: article, adapted under license.

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Key person insurance, also commonly called keyman insurance and key man insurance, is an important form of business insurance. There is no legal definition for “key person insurance”. In general, it can be described as an insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business. To put it simply, Keyman Insurance is a standard life insurance, TPD insurance or trauma insurance policy that is used for business succession or business protection purposes. The policy’s term does not extend beyond the period of the key person’s usefulness to the business. Keyman Insurance policies are usually owned by the business and the aim is to compensate the business for losses incurred with the loss of a key income generator and facilitate business continuity. Key person insurance does not indemnify the actual losses incurred but compensates with a fixed monetary sum as specified on the insurance policy.

Many businesses have a key person who is responsible for the majority of profits, or has a unique and hard to replace skill set such as Intellectual Property that is vital to the organization. An employer may take out a key person insurance policy on the life or health of any employee whose knowledge, work, or overall contribution is considered uniquely valuable to the company. The employer does this to offset the costs (such as hiring temporary help or recruiting a successor) and losses (such as a decreased ability to transact business until successors are trained) which the employer is likely to suffer in the event of the loss of a key person.

Key Man Insurance Singapore | Understand Keyman Protection Insurance

Keyman insurance policy covers the key person in your organisation in the event that unexpected death or disability happens to the key person.

The key man is an important and influencial figure in the organisation. Because of that, losing the key person will mean that the company might experience loss in revenue or sales.

Therefore, purchasing a keyman insurance is an essential tool for any organisation’s continual success in the long term.

At Financialogy SG ( we provide you with the essential information about keyman insurance for your organisation.

Best laid insurance plans for the worst of times –

Peter Mensah

You have spent years, sacrificed time with family and more importantly, invested your hard-earned money into building your business.

As the business has expanded and grown, you have brought others into the business and you are now not the only owner or shareholder.

But, have you thought about what might happen to your business should things not continue to go to plan? How would the business cope if something were to happen to you or your partner? And what impact would this have on your families?

The SME Challenge

Many small to medium size businesses rely on the complementary skills and abilities that shareholders bring to a business for day-to-day survival. With the increasing responsibilities of compliance, investment in time and expertise in planning for the ongoing success of the business, there is a lot at stake. Protecting against the loss of shareholders should be a must for all businesses.

While key person protection is fairly common, this covers the loss of a key person in the day to day running of the business, protection for the permanent loss of a shareholder is often ignored because the effects of this are often not thought out or contemplated.

Of course, when something does happen to go wrong it can be devastating, particularly as it usually happens at an emotionally sensitive time.

An Example

Take the example of two friends who set up a business together as single men.

As both were important to the business’ success, they took out key person insurance on each other to help the business should something happen to either one of them.

However, they declined to look at shareholder protection. Over the next few years, they both married and started families.

A couple of years later one died in an accident. The key person insurance paid out to the business to allow it to continue operating as intended. The widow of the deceased shareholder knowing of the payout assumed that this was to be for her benefit… unfortunately that was not the case and left a very unhappy and acrimonious situation.

What insuring shareholders can help protect against

If you or a fellow shareholder suffered a major critical illness, permanent disablement or death, what would happen to your business ownership? Putting in place protection for your shareholders can provide financial support to help protect against (a) the remaining owners having to borrow to raise funds to buy out the interest of the co-owner who has left the business; or (b) the remaining owners being forced into business with the spouse or dependents of the co-owner if they die; or (c) the forced sale of the business to raise enough money to pay out a deceased owner’s estate.

Other Options

Shareholder Protection however is only one of a number of protections that business owners should consider in safeguarding the future of their business.

On its own it will only do a part of the job.

Running a business is demanding enough when you are all alive and healthy, do not run the risk of losing it all by not putting the appropriate protections in place.

PIC Insurance Brokers has been helping New Zealand businesses for over 25 years. We can help you find the right solutions to protect your business should the worst happen and ensure the best outcomes.

Being 100% New Zealand owned business gives us independence which is good for you because everything we do is tailored to your needs.

We are totally tuned into all the things that affect your life.

We cover all areas of insurance from life, trauma, health, business, house, contents and vehicles.

We are proud supporters of Indian Newslink.  For more information, please visit our website

Peter Mensah is Head of Distribution at PIC Insurance Brokers. Email:

PIC Insurance Brokers is the Sponsor of the ‘Best Small Business’ Category of the Tenth Annual Indian Newslink Indian Business Awards the Presentation Ceremony of which will be held at a Gala Black-Tie Cocktails, Dinner, Speeches and Entertainment Night at Sky City Convention Centre, Auckland City on Monday, November 27, 2017 from 5 pm. Tickets for the Event, priced at $150 per person and tables seating ten persons each priced at $1500 plus GST per table are now available. Please call 021-836528. Email: