Employee Benefit Schemes
What are Employee Benefits?
As an employer you may wish to provide extra benefits for your staff to show appreciation, to offer incentives or to provide a better package than your competitors. They can be a way of enticing people to come into your employment from a competitor or encourage the best people to join you.
Employee benefits are insurance policies that you can take out to protect your business and to provide a low cost way of providing extra benefits for your staff.
These benefits are normally only suitable for companies that employ 3 or more people as the risk is spread across the number of people in the scheme, making them very cost effective.
Employee benefit schemes include Group Life Schemes, Group Income Protection Schemes, Group Critical Illness Schemes and Group Private Medical Insurance.