As a company director, your personal liability may be engaged, even if the management errors were not made by you but your fellow directors. This is why there is Directors and Officers Liability Insurance (D&O).
Directors and Officers Liability Insurance (D&O) covers management errors committed by directors in the course of their duties.
The primary purpose of this coverage is to protect the personal assets of individuals in leadership roles who find their liability questioned in this capacity. Given the increase in claims, D&O coverage has become an essential means of protecting directors.
A temporary inability to work or a disability always leads to a significant loss of financial income.
Guaranteed income insurance allows you to minimise, or even eliminate, this loss of income as soon as your ability to work is diminished due to an accident or illness.
In the event of total or partial incapacity to work resulting from an illness or a personal or work-related accident, generally after a waiting period that you set, the insurer pays you the replacement income you have chosen, up until your recovery or for the duration you specified (up to a maximum of 65 years of age).
Although this insurance is primarily known to cater to self-employed individuals, many people are unaware that it can also be taken out by employees (workers – staff).
It is even strongly recommended if you have borrowed money to purchase or build your home. Insuring against loss of income becomes essential to help you pay your monthly instalments and retain your property.
You are the most important person in your business. Your ability to work is your livelihood. Insure it; it deserves protection!
Typically, a self-employed individual dedicates the majority of their time to their work!
As an employer, it seems natural to insure employees. But more often than not, they forget to insure themselves.
They believe they are untouchable, invincible! Perhaps they are right! However, a "silly" accident can happen in the blink of an eye. In addition to losing clients, how will they pay their bills or simply make a living?
Professional Accident Insurance covers the insured person in their professional and private lives (24 hours a day).
This type of policy allows the self-employed individual to receive compensation for:
In the event of death, their beneficiaries will receive the capital specified in the contract. Additionally, "Medical Expenses" coverage can also be included.
As of 1 January 2019, self-employed individuals have the option to take out a supplementary pension.
The supplementary pension for self-employed individuals is—as its name suggests—reserved for those who pay social contributions. The premium can be adjusted annually, but it is calculated based on 20% of the professional income required for calculating social contributions.
The premium is tax-deductible as a social contribution, and professional expenses will be deducted either at a flat rate or fully. This means you benefit from significant tax relief depending on your tax rate.
The new supplementary pension for self-employed individuals is genuinely advantageous; contact us for a personalized proposal.
The death of an entrepreneur is not only a tragedy for the family but also for the continuity of the business.
In the event of a death, the question arises who will be able to take over the management of the business and at what cost. With life insurance for managers, the company will receive capital in the event of the manager's death in order to pay the successor or to cover the financial burden so that the company does not have to be liquidated.
In private life, a death often results in a financial shortfall, especially when the surviving spouse's pension is relatively low. Together, we can calculate the necessary capital to offset the loss of income and help you find the most tax-efficient form of insurance.
