Group Income Protection

Over two million people aged between 20 and 64 have been unble to work and claimed State Incapacity Benefit for more than 6 months.³

Long-term illness and injury can be a challenge for employers in many ways - as employees on sick leave have to be paid, other staff may have to cover for absent colleagues. This can result in productivity problems, overtime payments and an impact to employee morale.

Group Income Protection insurance, often called PHI (Permanent Health Insurance), helps employers to safeguard the well-being of the workforce by providing a replacement income for their employees during long-term absence from work through illness or injury.

A group protection plan could benefit your company in several ways:

Cost of long-term sickness can be limited.
Ensures employees absent through illness or injury are treated fairly and consistently.
Recruitment and retention of a high calibre, motivated staff, due to attractive benefits package for employees.
Long-term absent employees can receive active vocational rehabilitation, reducing the need to recruit and train replacements.
Safeguarding your investment in key members of staff by ensuring the best possible chance of a successful return to work.
Pension and National Insurance contributions can be maintained, via the policy, while employees are unable to work.

For further information on any of our group income protection covers, Please contact our Winnersh branch.

Tel: 0118 912 5901
Email: HCE@tlrisksolutions.com
Address: TL Risk Solutions Healthcare, 120 Wharfedale Road, Winnersh, Wokingham, RG41 5RB.

Source 3: Norwich Union.