When forced to take time away from work due to illness or injury, your employees may find themselves in an unsteady financial situation.
Rather than focusing on recovery, returning to work early due to financial pressures may have the opposite effect, without a full recovery there is a high incidence of problems returning, creating further uncertainty within your business.
Group Income Protection is about giving peace of mind to those employees and their families should they become unable to work on a long-term basis, by protecting their earnings!
An Income Protection policy often includes;
Up to 75% of salary cover amount
Access to rehabilitation services
Partial benefits on a part-time basis
This means that should an employee find themselves unable to work for an extended period, they’ll receive payments to help them pay their bills until they are well enough to return to work, receiving up to 75% of their gross salary.
If an employee can return to work on a part-time basis (or in a lower paid role due to not being able to undertake their previous role), partial benefits can also be provided to fill any financial gaps!
This allows you to reduce the cost implication of absence on your business, by providing an appropriate level of support for your employees through intervention at an early stage, plus, having Income Protection as part of your benefits package will also help to attract new employees!
When quoting for Income Protection we’ll consider the following factors;
The number of employees you have
The type of industry you work in
The level of benefit required
As a benefit, Group Income Protection offers financial security to your employees so that they can recover from sickness without the added worry of losing their income. By reducing their worry, you can speed up the recovery process, and see your employees return to your workplace in full health quicker than they would without the vital support of their employer!
Call us now on 0116 366 6866, or email us at [email protected] for more information!