Group Risk
Group Risk covers three primary product areas: Group Life Insurance, Group Income Protection and Group Critical Illness. We work with you as the employer to define the categories of scheme membership to ensure that eligibility definitions are clear, with no ambiguity in terms of who is covered.
All group benefits and premiums are treated as tax efficiently as possible, with tax free benefits explored, where possible, and premiums treated as tax deductible business expenses.
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Group Life
Group Life Assurance provides a benefit on an employee’s death in service and is one of the most simple and cost-effective, but most highly valued employee benefits that a company can offer its staff.
Used on its own or as part of overall benefits package it can assist in attracting and retaining talent within your business, while at the same time demonstrating your duty of care and promoting your company culture as a caring and altruistic employer.
Group Income Protection
Group Income Protection is designed to protect both employer and employee from the financial consequences of long-term absence.
Whether used as part of a comprehensive employee benefits package, or on its own, this valuable benefit is designed to provide a financial support of a proportion of income replacement for employees if they are unfortunate enough to be unable to work for an extended period, due to illness and/or injury.
Group Critical Illness
Being diagnosed with a serious critical illness is an extremely distressing time for anyone, their loved ones, and their employer. Although advances in medicines and treatments are constantly improving survival rates, recovery is often prolonged.
Group Critical Illness cover is another highly valued employee benefit that can provide additional financial security while an employee is off work because of a critical illness.