Executive pension plans are taken out by employers to provide for the retirement of executive and key employees. They are set up under trust. The Employer normally acts as Trustee.

Tax Benefits

Executive Pension plans provide excellent tax benefits to both the employer and employees.

For Employers- Tax relief for the company

An employer must make a ‘’meaningful contribution’’ to the arrangement. Contributions made by the company into an Executive Pension plan can usually be offset against Corporation tax as an allowable business expense (subject to Revenue limits). The company can choose to make regular contributions or lump sum payments to tie in with your company’s profitability.

For Employees- Tax relief for you

You can also benefit from tax relief on any personal contributions you make. Tax relief is normally available at your marginal rate of tax. This reduces the net cost of your pension contributions.

Retirement Benefits

On retirement you may have the following options:

• Retirement lump sum

• Annuity

• Approved Retirement Fund (ARF)/ Approved Minimum Retirement Fund (AMRF)

• Taxable cash 

We have a great range of Providers to choose from who have a huge investment choice when setting up an Executive pension.  {KomentoDisable}

Start your quote today using the quote button above.

 Liability Insurance

If you are in business then you are liable if you cause injury to others.

That is a simple definition. There are numerous examples where that definition has been broadened.

That is why you cannot afford to be without liability insurance in Ireland.

We have broken liability insurance down into five categories as follows:

 Employer's Liability Insurance

As an employer you are responsible for the welfare of your employees. You have a duty of care towards them. If you are held to have breached that duty, you will have to pay compensation.

Can you afford to ? What impact would this have on your business? Even if you can afford to, pay compensation, is this a good use of resources. Remember, an insurance premium paid on behalf of your business for employer's liability insurance in Ireland is tax deductible.

Various factors can influence the premium you pay, such as number of employees, type of business, risk factors, history of claims.

Public Liability Insurance

If you cause injury to another, then you are liable to pay compensation.

If you invite members of the public onto your premises, and the condition of your property causes them to receive an injury then you could be facing a large claim for compensation and legal costs.

Talk to one of our qualified experts today for tips on how to reduce your public liability insurance costs.

Product Liability Insurance

If you manufacture a product which is faulty in any way and which causes injury to the user, then you could be facing a large number of claims.

It is a worry that all producers face. That is why product liability insurance was developed.

As the production process and the risk factors vary so much between individual companies you should talk to one of our qualified experts to ensure that you have covered everything at the best value premium. The consultation is free. It will give you peace of mind and leave you free to concentrate on developing your product.

Directors and Officers Liability Insurance

Directors and Officers owe a duty to the company. If they are negligent in their capacity as directors or officers they can be sued. If their actions cause loss to the company, there is little comfort to be gained in suing them if they have little or no assets. That is where directors and officers liability insurance comes to the rescue. It will cover the losses,costs and expenses incurred as a result of their negligence as stated in the policy document. No company should be without it.

Combined Liability Insurance.

Combined liability insurance takes the best of the previous policies and packages them to suit the individual business.

It is important to quantify your needs and ensure that the policy covers them adequately.

You don't want to under insure or over insure.

You should talk to one of our qualified experts today.

Contact us by telephone on 1890 666 666 or click on the call me back buttton above

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  Start here for your business/company insurance.

Running a business is challenging. It can be difficult to find out what products are available for business insurance and how much do I need.

That is why we have put together these short snippets of information on the various types of business insurance products, that can help protect your business and bring you peace of mind.

Payment of the premium by installments can be arranged.

  Liability Insurance.

Dealing with others brings its own risk.

No matter how remote and small your business may be, you still have a customer and therefore there is liability.

Different specialist insurance products have evolved to meet the varying circumstances of risks in the business world.

There are five liability insurance policies that you should consider.

Employers liability, Public Liability, Product Liability, Directors and Officers Liability,

Combined Liability(This combines the best bits)

Business Interruption

This cover is essential. This covers your earning power, to the extent by which it is affected as a result of an event which is covered by the policy, such as fire or flooding. The bills still have to be paid and your loss of income could have a disastrous effect on your financial future. Don't risk it. Get it insured today. You need to examine your average income and potential income for the period of loss. If in doubt,talk to one of our qualified experts  about business interruption insurance.

Professional Indemnity

 Mistakes happen. Professional indemnity insurance protects you when you make a mistake in your work.

Claims happen. If a client suffers financial loss as a result of your mistake, or that of one of your employees or agents, then you could be facing a large claim for compensation and legal costs.

Don't suffer sleepless nights worrying about the consequences. Take action now to protect against them. Take out professional indemnity insurance. This can be a complex process and therefore we recommend that you talk to one of our qualified experts who will guide you through the process.

Commercial Vehicle

It is a legal requirement and you should let us compare the market for you. There are various packages available for businesses with varying numbers of commercial vehicles to insure in Ireland.

Contact us today and we will get to work for you, saving you time and money on your commercial vehicle insurance.

Commercial Property

 If you are leasing the property, you still need contents cover. You should make a list of all the equipment, furniture, etc. that you have in your business. Then calculate the cost of replacing them.

If you own the property, then you should review before you renew.

Don't undervalue or overvalue. If you under insure you will not get the proper compensation, in the event of a claim. If you over insure, you are just wasting your money.

We can help you to compare the market for commercial property insurance
 

Corporate and Business Travel

If you need to travel in the course of your business, check out our travel insurance quotes.

You can save a lot when compared to just taking what is on offer through the travel company. Consider multi trip insurance.

When things start to go wrong on an important business trip, that's when you appreciate travel insurance.

Commercial Legal Protection

Legal costs can be expensive. Whether you are pursuing a case or defending one. Legal costs insurance can help you get legal advice early, and perhaps avoid the pitfalls.

This is a summary of what's on offer in the insurance market in Ireland.

You can contact us for free advice on insurance and how to make sure that you are adequately covered.

Telephone 1890 666 666

 Or Click on the call me back button and start your business insurance enquiry today

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Protecting the business with co-director insurance.

 Co-Director Insurance

 Co-Director Insurance is an alternative way of arranging Partnership Insurance for shareholders of a company where to the company carries the burden of the premium payments, rather than the shareholders personally.

A key aspect of the arrangement is that on the death of a shareholder, it is the company which buys back the shares of a deceased shareholder, not the surviving shareholders.

An outline of the arrangement is:

• The company enters a Contingent Purchase Contract with each shareholding, so that in the event of their death, the company would have the option which it can exercise within a limited period of death, to compel the deceased’s next of kin to sell their shares back to the company at a fair open market value. Likewise the deceased’s next of kin would also have an option to compel the company to purchase the shares from them. In this way the purchase/sale of the deceased’s shares can be triggered by either the company or the deceased’s next of kin after death.

• The company effects a life assurance policy on the life of each shareholder covered by such an agreement, to provide funds on death to enable the company to complete the buy back of shares. The premiums are paid by the company. As the policy is owned by the company, the payment of the premiums is not a BIK for Income Tax purposed for the shareholder covered by such a policy.

• In the event of death of a shareholder covered by such a Contingent Purchase Contract, the company would use the proceeds of the policy on his life to buy back his shares on death and cancel them. The surviving shareholders would therefore retain full ownership of the company as the deceased’s shareholding would then be cancelled.

It should be noted that this is a complex arrangement.

For independent advice and help contact one of our qualified experts today.

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