The below article by Employee Benefits has been the topic of much heated debate in the group risk team, with some ‘interesting’ observations raised!
We have to say that the comments are slightly at odds with our experience of SME group risk cover, especially around specific insurer arrangements, as we have had access to these for years.
One of the points we are keen to address is that a deterrent to taking up cover is “a lack of understanding about the costs of benefitsâ€. We feel this is why companies should seek advice, if they don’t do so already, as we can then discuss the benefit structure to establish if this still caters to the company’s needs and budget, appropriately review the scheme, and clearly and concisely explain the cost of benefits.
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