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Planning ahead for your business.
At Derradda Financial Services, we recognise that employees stand as a business’s most potent resources, therefore it’s important to have employee benefit solutions in place such as Life Cover, Income Protection and Pensions, but it’s also important to have comprehensive business protection in place. Safeguarding your business from financial and operational consequences, following the unfortunate death of a key person, partner or director is a prudent move in protecting your business.
And keep in mind that all these expenses are eligible for deduction when calculating your corporation’s taxes.
Employee Benefit Solutions
Having worked with businesses throughout Ireland, we can provide a wide range of employee benefits with group risk and pension solutions, whether you are a small, medium or large company. A pivotal strategy for attracting and retaining top-tier talent involves offering employee benefits packages, which extends financial security to both your employees and their dependents.
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Company Pensions
A company pension scheme is one of the most important employee benefits that you as an employer can provide. Providing a company pension scheme helps to attract new employees, and importantly retain existing employees.
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Group Life Insurance
Often referred to as Death-in-Service, is now seen as an essential part of the benefits package for most employers. It provides employees with the peace of mind that dependants will be supported financially in the event of their death.
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Group Income Protection
Group Income Protection protects your employees from loss of income by paying them a monthly income if they are unable to work for a prolonged period due to long term illness or injury.
Business Protection
Protecting your business against the financial and operational fall-out of a key employee is important for business continuity and peace of mind. We have solutions should your business face the unforeseeable circumstance of losing a key person, director or partner.
Key Person Insurance
Their skills, hard work, and overall contribution are just irreplaceable. But have you ever wondered what would happen if they were to unexpectedly pass away or get really sick? That’s where Key Person Insurance comes in. It’s like a safety net for your business, making sure you’re covered if something unfortunate happens to that key person. Your business keeps thriving, no matter what.
Co -Director Insurance
This insurance lets your company buy out a director’s shares from their family if something unexpected happens. This keeps your business steady as the remaining directors take full control. It’s an option for the family to consider if they’re not up for diving into the business world.
Partnership Insurance
It can even mess up the money side of things and rock the stability of the partnership. Partnership Insurance is like a safety net. In the event of the death of one of the partners, it will provide funds to allow for the purchase of the deceased’s share of the partnership from next-of-kin.