Protecting yourself and your workforce

In an uncertain world, many businesses want to protect themselves and their staff against the financial impact of ill health or an untimely death.

We have extensive experience in working with companies and we are able to arrange competitive cover for employers who wish to offer insurance such as:

• Group Life Insurance and Death in Service cover
• Group Critical Illness cover
• Group Income Protection cover, providing either short or long term sick pay for those unable to work
• Corporate Private Medical Insurance

The cost of installing a scheme is often far less than an employer expects and cover is highly valued by workers. Group arrangements may also be a cost-effective way of getting insurance for senior employees who already have been diagnosed with medical conditions.

Putting the right insurance in place may help a business as much as it helps the staff. For example, private medical cover will ensure your workers are diagnosed and treated promptly, aiding a swift return to healthy work. Many group income protection arrangements include occupational health services that can aid employees’ rehabilitation.

Protecting your senior staff

We can assist companies who want to protect the business against the financial impact if a director, partner or senior manager falls ill or dies.

Key person insurance will provide funds to the business to hire a temporary replacement or recruit a long term successor. Business and/or shareholder cover can make a lump sum available to the remaining business owners to buy out a partnership interest or a shareholding. We can also help with the necessary trust and legal arrangements to ensure such cover delivers the maximum benefit.

Protection plans typically have no cash in value at any time and cover will cease at the end of term. If premiums stop, then cover will lapse.

The Financial Conduct Authority does not regulate Employee Benefits