When someone’s unwell, the last thing they need is anxiety over financial security. It’s a prospect that can cause concern among healthy employees. While the reality can hamper recovery for employees who are absent long-term. By offering Group Income Protection you provide your employees a replacement income if they can’t work for a long time because of long-term illness or injury.
Get a QuoteSimple to administer and cost-effective, it’s regarded as a core component of any successful benefits package. For employees, premiums aren’t treated as a benefit in kind, and for employers premiums can usually be offset against corporation tax.
You’ll need to decide:
Benefits for your business
Benefits for your employees
Early intervention by insurers
Although policy payments won’t commence until after the deferred period, earlier valuable support might still be available from insurers to help both the employee and employer – even during the deferred period! Depending on the nature and severity of the employees’ illness or injury, early notification at outset will give insurers the option to intervene more immediately. This might be by the insurer arranging specialist treatment or facilities such as occupational health, and supporting employers to manage their employees return to work.
To find out more or to discuss your options in more detail, the expert team at CLA Healthcare are on hand to help.
Call 01274 717361 or email healthcare@cla.org.uk to find out more.
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