Insuring your employees peace of mind
Group Income Protection
Income protection cover provides a means of protecting employees against the financial consequences of being unable to work for an extended period due to illness or injury, by paying a monthly benefit once an employee has been off work for a specified period.
The cost of income protection depends on a range of factors, such as the amount of time an employee must be off work for before benefit payments commence, how long benefit payments will continue for if the employee remains unable to work, and the value of the benefit payments. It is also important for employers to understand the types of medical condition that qualify for benefit, so they know exactly what cover the plan provides.
Income protection plans should ideally be designed to reflect the employers sick pay policy, so benefits strike the right balance between ensuring employees and their families are financially secure while also preserving incentives for employees to return to the workplace where possible.
If this is something you would like to explore, the Broadstone team have a wealth of experience in consulting with you to help guide you towards the most appropriate benefit levels for your business.
Complete the form below if you are interested in income protection insurance for your workforce and we would be happy to help you take the first step.