We work primarily with three traditional benefits: group life assurance, group income protection, and private medical insurance. Many companies will offer life assurance and income protection as standard, private medical insurance can be more exclusive.
Group Life Assurance (or death in service cover) ensures your employee’s nominated beneficiary will be provided for in the event of an employee’s death, if they die while enrolled in the scheme.
Group Income Protection can give your employees peace of mind that they will get paid, should they not be able to work due to sickness or injury for a period of time (usually starting at 26 weeks).
Private Medical Insurance can cover a range of expenses, should your employees need treatment for acute medical conditions.
Although your company may only have one or two of these benefits, it’s important that they are reviewed periodically. Our market review process keenly pinpoints ways in which we can save on cost, without reducing the benefit.
For businesses without a benefits package in place, our brokering services can ensure we design the best traditional employee benefits solutions for your business.
The big three traditional benefits can also be made interactive and flexible with our employee benefits platform. Here, an employee could use a set budget to opt-in to a benefit, or increase their level of coverage. This transforms these standard insurances, into a tangible benefit, leading to an increased level of appreciation amongst your workforce.
Please note that not all employee benefits services are regulated by the Financial Conduct Authority.