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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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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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5 Steps For Creating A Workplace Wellbeing Strategy

In Business, Employee Benefits, Health and Wellness by Paul Connolly

According to the independent review into workplace mental health commissioned by the prime minister and led by Lord Dennis Stevenson and Paul Farmer, Thriving at Work, poor mental health costs UK businesses between £33 billion and £42 billion a year. These figures are made up of absenteeism cost (£8 billion), presenteeism cost (£17 billion to £26 billion) and staff turnover …

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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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9.5M Brits Have Mental Health Issues Because Of Money Worries

In Family, Health and Wellness, Mental Health by Tom McGuinness

Worryingly, more than 18 million Brits stress over money on a daily basis, with more than half experiencing mental health issues as a result, a new study has found. According to the research by mobile bank N26, which was released to coincide with World Mental Health Day on October 10, around 9.5 million UK adults have suffered from mental health …

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Mental Health At Work: Do You Know Your Responsibilities As An Employer?

In Business, Employee Benefits, Mental Health by Paul Connolly

Under the Equality Act 2010, employers have a legal responsibility to ensure that people with disabilities are not discriminated against in the workplace. Now a person is considered disabled under the act if they have a physical or mental impairment that has a “substantial” and “long-term” negative effect on their normal day-to-day activities. A mental health issue is classed as …

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Employers Being Short-Sighted When It Comes To Employee Eye Care

In Business, Employee Benefits, Healthcare by Stephen Ellis

Nine out of 10 British businesses are failing to meet their legal responsibilities to protect their employees’ sight, a new survey shows. According to the study commissioned by the charity Eye Health UK and Vision Express Opticians, 85% of office workers report suffering symptoms of screen fatigue, such as eyestrain and headaches, as well as problems with close and long-distance …

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A Quarter Of British Workers Scared To Tell Their Boss About Mental Health Issues

In Business, In The Press, Mental Health by Raina Dhillon

According to the NHS, one in four adults experiences at least one diagnosable mental health issue in any given year, with mental health problems being the largest single cause of disability in the UK today. What is most scary, however, is that mental health problems affect people of all ages. Indeed, research published in the Harvard Business Review ahead of …