Employee Protection Challenges

Your challenges

 




 

Here are some good questions to ask yourself, to see which challenges your business faces in protecting your employees:

 

Welfare reform and changes to incapacity benefits

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 Have you reviewed your current arrangements to see whether the limitation of state benefit provisions will impact your scheme?

 

 

If you don’t have arrangements in place, have you considered the impact of reduced state provision of sickness benefits on your business and your employees?

 

Holiday pay

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Have you considered how Income Protection can help meet the increased liability from accruing holiday pay entitlements during employee absence during illness.

 

Default retirement age

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Have you amended the age at which your schemes cease in line with the new regulations?

 

Pensions auto enrolment

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If your schemes are related to pension membership in any way, have you considered the impact of pensions auto enrolment?

 

High earners

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Are you concerned at the level of underwriting required for your high earners on your existing policies?

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Does underwriting put you off setting up a group protection scheme?

 

Concentration of risk

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Do you have sufficient catastrophe and travel limits on your scheme?

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Have your catastrophe and travel limits ever been discussed with you?

 

Absence Management

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Are you effectively measuring and controlling absence within your organisation?

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Are you aware of the assistance available from Group Income Protection providers to help you manage absence?

 

Overseas employees

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Do you have the right cover in place for your overseas staff?

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If you have overseas staff, have you informed your insurer and confirmed the cover?

 

If you’re unsure of any of the answers to these questions, we can help.

Call us on 0333 920 1842  or email us at: