How does it work?
There are both legislative and taxation issues that need to be examined to ensure that a Corporate Co-Director Insurance arrangement is appropriate. So, any company seeking to acquire this kind of business protection will require the assistance of legal and taxation advisors. The premium that is paid on a regular basis during the terms of the policy will be dependent on a number of different factors, such as the value of the shares that the director holds, the company's turnover etc. If the unexpected happens and this director dies, the policy will provide a lump sum to compensate for this event.