Importance of Business Protection
While we all hope and often believe it wont happen to us, the reality is that people throughout Ireland are affected by unexpected illness and premature death every day. The chances of a partner or director dying or becoming serious ill before retirement, are probably a lot higher than you might think.
Many problems can arise for a business when a partner or director dies prematurely or becomes seriously ill. The surviving owners may have insufﬁcient funds available to purchase the deceased owners share of the business or in doing so, getting into ﬁnancial difﬁculty because of a key employee’s death/