Risk Management - Insurances, Death In Service

When operating a limited company it is vital to consider whether your company and the individuals operating through the company need to take out any insurance. The need to take out insurance may be due to a legal obligation, a contractual requirement or indeed simply due a personal need.

Death In Service

Should an individual die whilst in the employment of the company, such a policy would pay out a tax free sum (typically two or three times the individual’s salary) to the family of the individual.

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