Sometimes in life bad things happen. Having DAM good Group Risk Insurance in your locker mitigates the risk.
At DAM we pride ourselves on being there to support clients during difficult times with a sympathetic, personal approach supported by excellent cover.
Group Risk covers a range of insurance types including Group Life Insurance, Group Income Protection, Group Critical Illness and Group Private Medical Insurance. Each policy type comprehensively covers your employees when the fickle finger of fate points in the wrong direction.
Group Risk is equally reassuring for employers. It gives you the peace of mind that your staff are comprehensively protected and the company itself won’t be exposed if things go awry.
As independent advisors, we will explore the market to ensure that each insurance scheme meets your company’s requirements, including budgetary demands. Often, this can mean that we will set up and administer a range of benefits across multiple providers to ensure your overall package meets your needs.
Whilst life insurance isn’t a subject many like to talk about, we believe it is the cornerstone of a valuable corporate risk plan and one of the most important employee benefits. Investing in Group Life Insurance will firstly provide employees and their loved ones with peace of mind and, secondly, promote greater loyalty to the company.
At DAM we’ve made sure we can provide policies that help both the employee and the employer, providing a tax free lump sum for the loved ones of an employee who dies whilst covered by the policy. It can be based on a multiple of salary or paid as a fixed amount in the form of a lump sum.
As well as being looked after financially, we go above and beyond to also make sure that an employee’s loved ones are able to cope with the situation. Associated services such as bereavement counselling provide the personal touch that we are known for here at DAM and help make a tough situation that little more manageable.
DAM’s Group Income Protection is an employee benefit that ensures your employees tomorrow is taken care of by being financially supported in the event of suffering a long term disability, providing the illness is covered by the policy.
This benefit is designed to provide employees with a regular income when they are absent for a long period of time and when they may not even be able to return to work. A Group Income Protection policy provides a regular income expressed as percentage of salary after a waiting period of typically 13, 26 or 52 weeks.
At DAM, we believe that Group Income Protection is a necessity. With the state support option so limited and subject to such rigorous and continuous qualification, Group Income Protection is an employee benefit that workers really do appreciate. Removing the stress associated with long term illness or disability is an underestimated added value of the benefit and seeing a company make such a loyal gesture encourages employees to become just as loyal to the company.
Group Critical Illness Cover is a long-term insurance policy which covers serious illnesses listed within the policy. If your employee gets one of these illnesses, a critical illness policy will pay out a tax-free, one-off payment on diagnosis of a specific illness - subject to a survival period (typically 14-30 days).
Dealing with an employee’s serious illness without a Group Critical Illness plan can be financially draining for both the employer and the employee, which is why Critical Illness cover is one of the most worthwhile employee benefits allowing both parties to move on with minimal hassle.
Group Private Medical Insurance is one of the most common employee benefits out there, offering access to immediate high quality medical assessment and, where appropriate, treatment.
With a range of different policy types to choose from, ranging from basic cover to more comprehensive terms, DAM will explain these differences to you so that you can make an informed and appropriate choice. There are massive benefits for both employers as it can help to get quality staff back to work sooner, and for employees in having the high quality treatment available to them.
Is it about time your company had a look at it's group risk policies?
You can ask us what cost effective and most suitable options are available for your business today by contacting us now.