The purpose of Corporate Co-Director Insurance is similar to Co-Director Insurance which is designed for a company to protect against the risk of death or serious illness of a director/shareholder by providing a lump sum to assist the company to purchase their share of the business.

If one of these directors becomes seriously ill or dies it can create great difficulty for surviving directors and the deceased’s successor(s) alike. Corporate Co-Director Insurance gives the company the security that there will be funds available to buy back shares, should this happen.

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