Providing protection for the most valuable asset of your company, your employees, can reinforce and safeguard employee and employer relationships.

In terms of protecting its employees, by way of an attractive benefits package, pretty much anything available to an individual can be offered on a group basis through the business. However, due to economies of scale, the corporate schemes are often better in terms of cost and level of cover. Below are a few of our core offerings:

Death in Service

This is a group arrangement where all, or specific, employees are offered life and/or critical illness throughout their employment. Benefits are simplicity of administration, tiered benefit levels if required and a ‘free cover limit’ meaning an amount of cover can be offered with no medical disclosure whatsoever.

Healthcare

Private medical insurance can be offered to all, or specific, employees and even their families. Whilst receiving the best treatment quickly is of great importance to employees there is a significant benefit to the employer too. This ensures the fitness and wellbeing of its employees to minimise any impact of profitability due to absence or long-term suffering of an ailment. Benefit levels tend to be greater through a group arrangement in addition to be being more competitively priced.

Group Income Protection

Much like its individual counterpart this scheme can be used to supplement a sickness package by ensuring income is provided to long-term absentees. The benefit can be paid either directly to the employee or to the business (to then pass through the PAYE system).

All of these contracts are rolling annual contracts so do require reviews to ensure that they are still providing the best the market can offer. We regularly review our clients schemes but also welcome the opportunity to see if we can make any improvements to any existing schemes.