Business Protection Plans

Designed to maintain corporate stability, protect owners, and ensure continuity.

1. Key Person Insurance
(Key Man Insurance)

Purpose: Protects the business if a critical employee or owner dies.

How it works

  • The business owns the policy
  • The business pays the premiums
  • The business receives the payout

If the key person dies, the death benefit can help:

  • Replace lost revenue
  • Cover recruitment and training of a replacement
  • Reassure lenders and investors
  • Maintain working capital
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2. Shareholder / Partnership Protection

Avoid Financial Struggles

Used in companies with multiple owners.

Purpose: Ensures surviving owners can buy the deceased owner’s shares.

How it works

  • Each owner has a life insurance policy
  • On death, the policy pays a lump sum
  • Surviving owners use the proceeds to buy the shares from the deceased’s estate

Benefits:

  • Family receives fair value
  • Surviving owners keep control of the company
  • Avoids unwanted shareholders

This is usually backed by a cross-option agreement.

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3. Loan Protection

Businesses often insure key people when borrowing money. Purpose: Repay business debt if a borrower or guarantor dies.

How it works

  • Policy covers the loan amount
  • Lender or business receives payout
  • Debt can be cleared without forcing asset sales
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4. Business Continuity / Buy-Sell Funding

Similar to shareholder protection but used more broadly for succession planning.

The life insurance payout provides liquidity to:

  • Fund buyouts
  • Maintain operations during transition
  • Prevent forced liquidation
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How Can We Help?

Get all your Income Protection queries answered by our experts 

We will be able to explain all of the options available to you in simple terms so you can make an informed decision. 

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Key Structuring

Considerations

Want to know more? You can email us anytime at enquiries@baggot.ie 

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  • Individual vs corporate ownership
  • Impacts tax and control
  • Premium deductibility
  • Taxation of proceeds
  • Potential capital gains implications
  • Often used for shareholder protection
  • Ensures proceeds go to correct parties
  • Sum assured should match share value or financial exposure

Plan Thoughtfully, Save Wisely

3 Simple Steps to Secure Your Financial Future 

 
01
We Listen First

Speak with our Insurance Specialists to find out all you need to know about Business Protection and if it’s the right policy for you

02
We Present Your Options

We will gather information from you so we can research the market to find you the best fit for your circumstances 

03
We Handle Everything

We will present you with and explain all of your options so you can make an informed decision 

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Don’t Just Take Our Word for It

I came across this company on Instagram while reviewing my pension options and contacted them for advice. I initially dealt with Aidan who gave me great advice and insight. As I engaged further with him, I felt very comfortable and reassured in my dealings. He called to the house with his colleague Geoff and discussed all my pension options in detail, in plain English. I never felt pressured into doing anything and they were very patient with me as I had lots of questions. I decided to move my pension plan to their company and I haven’t regretted my decision. Highly recommend Aidan and Geoff.
Leonard Nealon
Leonard Nealon
Professional and friendly service Many thanks to Aidan at Baggot Life and Pensions for his help and guidance when I recently needed support in relation to a pension. Aidan kept me updated at every stage with emails and phone calls so I felt involved every step of the way.... delighted with the professional friendly prompt service.
Jackie Hall
Jackie Hall
I contacted Baggot Life and Pensions about my old workplace pension that I wanted a cash settlement applied for as I tried myself and was offered pitence for. I cannot rate Baggot Life and Pensions and Aidan Whelan high enough he was just brilliant ! And my experience dealing with Aidan Whelan from start to finish was top draw so professional and always updating me how my case was progressing. He realised a excellent settlement amount that I am still amazed at several weeks later! I would highly recommend Baggot Life and Pensions and Aidan Whelan to family and friends I so delighted with my outcome.
Colm Mcdonald
Colm Mcdonald
We have Recently had the pleasure of Dealing with Aidan Whelan from Baggot Life and Pensions. I found Aidan to be very knowledgable, prompt and professional while always having our best interests at heart. He is definitely someone I can recommend and would have no hesitation in saying that we were 100% happy with the service we have received. Thanks for your help Aidan it has been very much appreciated. Regards Phil
Phil
Phil
Aidan was recommended to me by a colleague who spoke very highly of their experience in dealing with Aidan. Having discussed my business with Aidan he took control of my affairs as regards a previous pension I had and also some mortgage interests I had. He dealt with all these affairs for me in an extremely professional and detailed manner. I can’t recommend Aidan and the company highly enough and look forward to doing further business in the future. Mick Territt
Mick Territt
Mick Territt
I got in touch with Aidan in October last year to try and find a pension I had contributed to, Aidan checked everything out for me and talked me through the paperwork, he made it seem so easy. I am very happy with the help and guidance provided by Aidan and I have told friends about Baggot Life and Pensions. I had no worries once I got talking to Aidan. He is friendly, very professional and helpful Bridget in Co Clare
Bridget Nagle
Bridget Nagle
Your Success Is Our Reputation
Take the First Step to Financial Planning Advice with Security

Prefer to Call?   01 554 3678

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We come to you – our advisors can meet
you at home or at your workplace.

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