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7 Reasons Why Your Business Should Offer Private Medical Insurance

In Employee Benefits, Healthcare, Insurance by Raina Dhillon

With more people than ever waiting for routine operations on the NHS, and many trusts finding it impossible to treat 92% of patients within 18 weeks, the role of private medical insurance (PMI) has never been more relevant. As a business owner, you may already offer your employees private medical insurance, but if you’re an employer or business owner who …

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Key Person Insurance: What Is It & Why Your Business Needs It?

In Business, Insurance, Protection by Rebecca Faulks

As a business owner, you wouldn’t operate without insurance to protect your premises and vehicles, and products like professional indemnity insurance and public liability insurance to cover your business activities. But what about you and the other key people who make your business work. Those that are pivotal to its continued success? Surely these people are just as important for …

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Life Insurance Options For People Over 50

In Family, Insurance, Protection by Tom Pullinger

Many older people don’t think they need to worry about life insurance. In fact, according to research by Moneysupermarket, just over a third (36%) of over-55s don’t currently have a life insurance policy. But the reality is that funeral costs have risen dramatically over the past 15 years, with SunLife research revealing an increase of 112% during that period. As …

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Number Of Patients Waiting For Elective Treatment On The NHS Has Risen 4.6% In A Year

In Healthcare, Industry News, Insurance by Paul Howell

The number of people waiting for elective treatment on the NHS has risen by 4.6% in just one year. Today, 4.4 million individuals are currently waiting for elective treatment, which is a procedure or surgery that is chosen by the patient or physician because it is advantageous to the former, but not necessarily urgent. Of these patients, one in seven …

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A Short Guide To Company Health Insurance

In Business, Healthcare, Insurance by Paul Connolly

Unfortunately, employees get sick and experience injuries from time to time. For employers, it’s an inevitable part of running a business. But if staff illness and injury are not handled correctly, they can be very costly. On average, health-related absenteeism and presenteeism cause employers to lose 35.6 working days annually per employee. This absence equates to a staggering £61 billion …

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Younger People With Dementia Face Financial Worries & Lack Of Support

In Family, Healthcare, Insurance by Stephen Ellis

While dementia is a condition that typically tends to affect people over the age of 65, it is not unheard of for it to impact younger individuals too, with early onset of the disease sometimes beginning when people are in their 30s, 40s and 50s. But, unfortunately, there is less funding and support available for younger people with dementia, and …

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UK Renters Failing To Secure Suitable Financial Cover

In Family, Insurance, Protection by Stephen Ellis

People who rent a house are significantly less likely to have life insurance and critical illness cover than homeowners, a study has found. According to the research by Sainsbury’s Bank, only a quarter (26%) of tenants are likely to have a suitable life insurance or critical illness policy. This compares to almost half (41%) of homeowners. The ironic part is …

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Death In Service Vs. Personal Life Cover: Which One Is Right For You?

In Business, Employee Benefits, Insurance by Paul Howell

We often get asked by clients what the difference is between death in service (also known as group life cover) and personal life insurance. As such, here’s what you need to know about the difference between the two: What is death in service? Death in service is an employee benefit sometimes provided by employers that is designed to pay a …

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PMI Most Desired Benefit For Employees – Study Finds

In Employee Benefits, Individual, Insurance by Paul Connolly

A new survey has revealed that a significant proportion of employees want Private Medical Insurance (PMI) added to their workplace benefits programme. According to the poll by employee services business Personal Group, four in 10 (40%) employees indicated that they would like to see PMI offered as part of their benefits package, making it the most desired benefit. Discounted gym …