Group Income Protection provides a regular replacement income, helping to ease financial concerns during a difficult time. Our advice is based on the knowledge we have of your business today and understanding your requirements for tomorrow and the future. It’s bespoke, so can be tailored specifically for your needs. There are many providers in this market; we only work with experienced insurers who specialise in the provision of group risk benefits to obtain the best value for you and your people.
Why do you need Group Income Protection (GIP)?
Group income protection is a benefit that can help employers manage sickness and the associated costs. Rehabilitation support can help your people get back to health and back to work – reducing the length of absence and the impact on your company.
The benefit is normally calculated based on an employee’s earnings with options available to meet your specific needs and budget and the needs of your people.
Benefits to the employer
- Enhances your benefits package to attract and retain top talent
- Demonstrates a genuine care for staff welfare
- Reassures your people that their efforts in the workplace really count
- Helps you support your people during long-term absence by providing a level of income and continuing to maintain pension contributions.
- Manages the cost of absence through earlier intervention and helping your people back to work quickly
- Can be used on its own or combined with other benefits for a more complete solution
Benefits to the employee
- Provides peace of mind and reassurance for your people and their loved ones
- Your people retain a level of income if they are unable to work because of long-term illness or injury, providing a level of financial security for themselves and their dependants
- Those receiving this benefit continue uninterrupted employment by remaining on the payroll and continuing to be entitled to certain benefits such as company pension schemes
This is my 2nd year of working with Partners&. Jamie Brock has been really beneficial for us at the surgery. We now have cyber and locum insurance in place. He has a really positive approach to looking at what is best for us as a practice and takes the time to explain the policies in understandable terms. I definitely recommend Jamie and Partners& and will be looking to them again next year when we are due to renew again.
Regardless of it being a serious business issue, a policy claim, or just general advice that’s needed, [Partners&] have always delivered. Clarenco are delighted with their commitment and support. I would have no hesitation in recommending them for commercial business, friends and family.
“I’ve really enjoyed the experience of the Leadership Programme, particularly mixing with people from around the business that my every day role doesn’t put me in contact with. The sessions are challenging which gives you a fresh perspective on things… Phil is super motivational and has given me a lot of tools that I can take away to my role and career.”
I would recommend that anyone in a managerial role undertakes this programme.”
The notion of partnership is woven across our business. My aim is to continue to build on that and develop strong working relationships between the finance function and the business so that we can work together to optimise opportunities as the business grows.
Efficient, knowledgeable, professional service! What more could one ask for?
“We have dealt with the Private Client team at Partners&, for over 20 years and enjoy an excellent relationship. The team are extremely experienced, professional and experts in seeking the best solution to fit with their clients’ needs. They consistently deliver an exceptional service, with a relentless customer focus and a refreshing advice led approach.”
I manage two practices, and both practices now work with Partners& for our locum and business insurance cover. Partners& provide excellent value for money, with the premiums being far cheaper than any other insurance provider we have worked with in the past. This value for money, combined with their excellent market knowledge and outstanding customer care, means that we would not consider working with any other company.
FAQs
We’re here to help you ask the right questions about group income protection, so that together, we can work on the best outcomes for you, your business and your people.
Group income protection helps ensure your people maintain a salary and overcome any hardship due to loss of income in the event they are unable to work. It enables you to bring in the skills to perform the role or service while your colleague is recuperating at a neutral cost to your business.
A valued feature on some group income protection policies is recovery and rehabilitation, which involves a professional assessment of the reasons for the illness or condition to help establish a reasonable recovery period and steps to put in place a phased return to work. It enables an employer to plan ahead and keep the business going.
Contact our team to discuss your needs.
We’d love to hear from you – give us a call or request a call back to discuss your business or personal insurance needs.