It’s a way of safeguarding your business, the loyalty of your employees and run a healthy ship! Company Health insurance programmes can benefit the employer, employees and the business itself. It’s a financial investment you may not be able to eschew because so much protection is on offer. The monthly premiums (or payments) can be automatically taken from salaries by your Payroll Company or Payroll Department: nothing could be simpler.
So what ARE the advantages of offering employees a Company Health insurance programme and why, as a Company Director, should you get involved? A Company Health programme can offer private medical cover to employees. The cover for this might be more expensive in the short term, but a money saver over time. Staff will always be treated for illness as a priority – as opposed to long waiting lists in the NHS, so they will be back to work faster!
A programme can also offer Income protection which will ensure all employees get their usual wage packet while they’re indisposed. The death of an employee can hit family and business hard, so the purchase of a Life Insurance programme will provide a lump sum to the family. If a Business partner dies suddenly their family can be compensated with regular payments. A lump sum to the business should you lose a vital member of staff, can be arranged via a “Key Man Insurance” policy and those, together with Critical Illness and Employer’s Liability Insurance policies can offer great peace of mind.