Insurance

Relevant life Insurance

A Relevant Life Plan is a term assurance plan available to employers to provide an individual death in service benefit for an employee. It’s designed to pay a lump sum if the person covered dies or is diagnosed with a terminal illness, whilst employed during the term.

The employer pays for a Relevant Life Plan.

Benefits

  • Relevant Life Plans are similar to most other types of life cover except they aim to provide a tax efficient benefit provided by an employer for an employee
  • Large savings can be made on life cover, as Relevant Life Plan can work out much cheaper than a typical life policy

To find out more please enquire below.

Income Protection Insurance

Income protection insurance can provide cover if you’re unable to work.

You can protect up to 70% of your gross salary and it’s designed to replace your income and to pay out a tax-free monthly sum, which can be used to help ease any financial hardship whilst you’re unable to work.

Income protection is a useful product for anyone who wants to cover their salary so they don’t fall behind with monthly outgoings should they be unable to work.

To find out more please enquire below.

Business Health Insurance

Business Health Insurance gives medical benefits for companies and employees. Most insurers require at least two or three members; however, some will provide single cover.

The purpose of the policy is to cover the cost of private treatment for acute conditions. A policy will typically cover inpatient, day patient and outpatient treatment costs in full. As well as fees for nursing and hospital accommodation. Most will also cover outpatient specialist consultations and diagnostic tests, such as x-rays, scans and blood tests.

Benefits Business Health Insurance

For employees 

  • Private medical insurance consistently scores highly as one of the most valued employee perks amongst those that receive it.
  • Fast access to consultations, diagnosis and treatment. This is because private patients can avoid lengthy NHS waiting lists.
  • Provides flexible and convenient appointments, so treatment doesn’t have to get in the way of work and personal lives.
  • Provides more patient choice with locations and access to treatments and drugs that aren’t always available on the NHS. 
  • Private room, en-suite bathroom, TV and Wi-Fi.

For employers

  • Employee business health insurance can help your business attract and retain the best staff.
  • Helps manage and reduce absence and get key people back to health and back to work.
  • Assists in the duty of care for employees
  • Cheaper for employees purchase health insurance through the employer than applying personally.
In short, the main benefits of business health insurance are:
  • Shorter waiting times for treatment on the NHS
  • Better facilities
  • Faster diagnosis
  • Choose from a range of private facilities
  • Choose a convenient time for appointments and treatments

To find out more please enquire below.

Cyber Insurance

Cyber insurance is a form of cover designed to protect your business from threats of data breaches or malicious cyber hacks on work computer systems. Cyber insurance will cover the financial costs if data or electronic systems have been lost, damaged, stolen or corrupted.

A business is responsible for its own cyber security, but in the event of a cyber attack having the right insurance will mean you aren’t alone. Cyber insurance will help your business stay afloat.

If your business uses, sends or stores electronic data, you may benefit from cyber insurance. That data, whether it belongs to the business or is sensitive customer information, is vulnerable to cyber-attacks and data breaches; cyber insurance can help with the cost of recovery.

Benefits of Cyber Insurance

  • Cover the cost of investigating cybercrime
  • Recovering loss of data and the repairing computer systems
  • Protect income incurred by a business shutdown
  • Support in extortion demands by hackers
  • Pays for damages and any settlements
  • Cover costs of legally fees against claims of a GDPR breach.

To find out more please enquire below.