Group Income Protection
Group income protection provides a safety net for both the employer and employee when it comes to long term sickness.
It can be a flexible benefit in that it doesn't have to apply equally across the business and can therefore be a valuable benefit in kind and can run in conjunction with SSP or as a follow up insurance.
Group Critical Illness
Often forming part of a flexible benefits package, critical illness cover provides lump sum payments to employees who are diagnosed with a critical illness which goes towards providing financial security at what will be a distressing time.
Higher calibre candidates for employment may be looking for critical illness cover as part of their package and it's certainly something to consider in an increasingly competitive market.
Death in Service
Death in service cover provides a tax free lump sum to the employees family should a death occur whilst in employment.
Costs for this type of cover can be quite low when you consider the benefit that your employees will see in the fact that you will be looking after their family should the worst happen.