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Income Protection: Safeguarding Your Income When The Unexpected Happens

In Individual, Industry News, Protection by Tom Pullinger

How long could you and your family survive financially if you suddenly became unable to work? Would state benefits be enough to support you? How long would any savings you’ve accumulated last? If your answer to any of those questions was “I don’t know” then Income Protection (IP) might be something you want to find out more about. IP: Employer …

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The Role Of Employee Benefits In Easing Workers Back Following Long-Term Absence

In Employee Benefits, Industry News, Protection by Claire Ginnelly

Returning to work after a long absence is daunting for most employees. Whether they’ve been absent due to a sickness, or taken time off because of a bereavement, sabbatical or parental leave, employees ultimately need support upon their return. In fact, the same applies to workers returning to their jobs following the COVID-19 lockdown. Some will have been furloughed, while …

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A Simple Guide to Popular Employee Benefits

In Employee Benefits, Industry News, Protection by Paul Connolly

Employee benefits play a vital role in helping your business recruit and retain the best talent. Numerous studies have shown that individuals want to work for an employer who understands their needs and caters for them by offering the right employee benefits.  The bottom line is it’s no longer enough to rely on remuneration alone to appeal to employees and …

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Income Protection: More Than Just Insurance

In Employee Benefits, Group Income Protection, Protection by Stephen Ellis

Figures show that income protection (IP) sales are healthy. In fact, according to data released by the Financial Conduct Authority (FCA), IP sales in the first half of 2019 reached their highest level since FCA records began in Q2 of 2005. But while many people understand that income protection and group income protection are primarily designed to provide an income …

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Let’s Keep Business Protection Front Of Mind

In Business, Industry News, Protection by Paul Howell

Business protection, or Key Person Insurance as it’s also known, is insurance that helps protect a business against the financial effects of a key person being diagnosed with a critical illness or dying. When you consider that for the majority of businesses, their most valuable asset is there people, by not taking out business protection, they are risking their entire …

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Brits At Risk Of Being Left Financially Exposed

In Individual, Industry News, Protection by Rebecca Faulks

Statutory Sick Pay (or SSP) is flagging behind inflation, meaning millions of Brits would be left financially exposed if they were to get hit by an illness or injury, new research shows. According to the analysis by Cirencester Friendly Society, SSP has risen by just £25.14 since 2016 – from £383.28 to £408.42 per month. This is significantly less than …

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Why Employee Benefits Programmes Fail

In Business, Employee Benefits, Protection by Raina Dhillon

Earlier this year, we wrote about some of the considerations employers need to recognise when managing an increasingly age-diverse workforce. Failure to do so – especially when it comes to employee benefits – can result in organisations missing out on opportunities to engage and motivate their workforce, as well as struggle to retain the best talent. But why do employee …

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Employer Considerations For An Increasingly Age-Diverse Workforce

In Business, Employee Benefits, Protection by Tom McGuinness

5 things for employers to consider when managing an increasingly age-diverse workforce. For employers, offering the right employee benefits can be tricky. After all, today’s workforce is more age diverse than ever, with sometimes five different generations of workers in one company. Indeed, data from the Office for National Statistics shows that more than 24% of people living in the …

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Sickness Absence Is Severely Impacting UK SMEs But Uptake Of Protection Remains Low

In Business, Group Income Protection, Protection by Tom Pullinger

UK SMES are being severely impacted by sickness absence, a new study has found, yet a huge number are still overlooking financial products that could benefit both them and their employees. According to the survey from benefits provider Unum, 44% of UK SMEs said they have had at least one employee absent for four weeks or more in the last …

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Group Income Protection: Providing Benefits For Both Employers & Employees

In Business, Group Income Protection, Protection by Paul Connolly

Employee sickness absence is an inevitable part of running a business. After all, everyone feels under the weather from time to time and the best remedy is to simply have a day off. But what about more serious illnesses that require extended periods away from work? The impact they can have on both the employee and employer can be hugely …

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Measuring The Success Of Employee Benefits Packages

In Business, Employee Benefits, Protection by Tom McGuinness

I’ve written before about why SMEs should be offering private medical cover to their employees. Employee benefits, including perks like income protection, critical illness cover and medical insurance, are one way that small and medium-sized businesses can compete in the race for talent. That’s because they are attractive to employees; underline a company’s image as an employer that cares; and …

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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 …