Providing your employees with income protection insurance can help you retain them
"A qualified Broker can provide you with the advice and assistance to ensure you are properly protected"
Employers and employees alike value the benefit of group income protection.
- Business productivity can be negatively affected by long-term sickness. You may not be able to rehire if your cash flow is tied up in sick pay. This is when an insurance policy that pays out can be invaluable.
- Knowing their salary is protected and that rehabilitation services will be provided to enable them to return to work sooner provides peace of mind, which creates a great deal of goodwill towards their employer.
What is the process of group income protection?
GIP provides a lot of flexibility. It is possible to decide how much of an employee's salary will be covered, when it will start, how long it will last, and how it will be paid.
Standard Covers
Family protection
Employer protection
Optional Covers
Professional Indemnity
Abuse & molestation cover
Expert advice from Prima Insurance Brokers
With several years of experience and expertise across the not-for-profit, charity and education sectors. Clients can count on us as their in-house insurance advisers since we take the time to understand their organisation in depth creating a strong, trusting partnership.
We know the charity sector has a wide range of special risks, which can often be confusing. By drawing on our experience and knowledge, we can guide you through every challenge and complexity - from legal requirements to operational set up.
FAQ
Research helps you plan the best way to get your product from the manufacturer to the retail shelf. In addition to deciding which retailers should carry your product, you should determine where your inventory will be held.
There are a large number of covers available through a policy, including but not limited to:
- Public Liability
- Employers Liability
- Product Liability
- Property Damage
- Business Interruption
- Stock in transit
Different industries can benefit from commercial combined business insurance by taking advantage of its cost-effectiveness in acquiring several different insurance policies under one policy.
- Warehouses
- Manufacturers
- Importers or exporters
In this problem solving step, you will want to figure out what caused the problem, what the problem looks like at this moment, and the urgency of addressing the problem. Combining your coverage under one tailored, flexible and affordable policy can save you money. The type of policy you need to protect your business will depend on your business and may include public liability, product liability, employers' liability, buildings, stock, equipment, machinery, business interruption, personal accident, and legal expenses.