WORKPLACE GROUP INSURANCE

Workplace group insurance offers staff benefits as part of their remuneration package, and can cover various personal insurances. The benefit of group cover is that it uses a large pool of people to spread the risk, making the cover more cost-effective for everyone involved.

Higher limit options for director coverage can also be incorporated into group schemes, providing additional protection for your leadership team.

Benefits of Workplace Group Insurance:

1. Comprehensive Coverage: Includes personal covers such as medical, income protection, trauma, total and permanent disablement, and life. You can choose just one (e.g. health) or a combination of coverage for your staff.

2. Pre-Existing Conditions: In most cases, pre-existing conditions are covered, providing peace of mind to employees and their families.

3. Family Inclusion: Family members can be included under the same terms at discounted group rates, offering broader protection for employees’ loved ones.

4. Employee Attraction and Retention: Offering workplace insurance as part of the remuneration package makes your business more attractive to potential employees, and helps retain current staff by providing valuable benefits.

5. Financial Security for Employees:Ensures that employees have financial support in case of illness or injury, helping them recover without financial stress.

6. Enhanced Employee Wellbeing:By providing access to medical and other personal insurances, workplace insurance contributes to the overall wellbeing and productivity of your staff. For example, if they know the costs are covered, employees will be more likely to attend to medical issues sooner, resulting in less time away from work.

Overall, workplace insurance not only protects employees but also supports the long-term success and stability of your business by fostering a secure and motivated workforce.