Group Protection Plans
Your employees are the most important asset to your company. They are crucial to the future of your business.
What would happen if you were to lose a member of staff to illness, injury or death? As you can imagine, the financial impact on your business and to the employee could be devastating.
In today’s employment environment it pays to look after your staff. It is no longer enough to simply offer a salary. By providing a comprehensive benefit package to your employees this can set you apart as the employer of choice and will go a long way in attracting and retaining quality members of staff.
So, how can we help you?
By helping you decide on the right group protection products we can ensure that your business and employees are safeguarded against the unexpected. Devising the right benefit package to offer your employees can be challenging and of course needs to fit in with your budget.
With you, we can reach this goal and will offer expert advice in the following key areas:
Life Cover
This enables you to provide a tax-free lump sum benefit and/or longer term income to your employee’s family and dependants if an employee dies in service.
Income Protection
Absences from work due to sickness, accident or injury can cause significant disruption to both your business and to your employees. By putting in place income protection cover, this will provide a replacement monthly income for your employee and will also include specialist rehabilitation to assist in their early return to work.
Medical Insurance
This provides a reassurance that if your employees do fall ill, they can have access to consultants and high quality private medical care to avoid the long waiting lists often associated with some NHS treatments. Furthermore, members can normally choose where they are treated to ensure they are never too far away from family and friends throughout their treatment and to help minimise disruption to work schedules.
Critical illness
Unlike life assurance cover, critical illness cover provides a living benefit paid in the form of a cash lump sum on diagnosis of a range of critical illnesses defined by the insurer. This offers the employee a lump sum at the time they most need it. Often most importantly it relieves the pressure of having to make awkward decisions about financially supporting a seriously ill employee.
Whether you currently provide a benefits package to your employees and wish to review this or you are thinking about starting to provide more for them, please contact us today to discuss your circumstances.