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A large international insurance company IT department
PROBLEM The workers in the information systems division were technically excellent but lacked in human behavioral skills. One employee in particular was exceptionally intelligent and knowledgeable but had a pessimistic, cautious and negative...
Beat Your Competition By Controlling The Cost Of Your Health Insurance
As many of us expect, the New Year will bring both tremendous challenges and opportunities for all of us both personally and professionally. Employers continue to face the major challenge of controlling the cost of their health insurance and other...
Can I Really Get Life Insurance, No Exam Required?
Term life insurance policies provide a limited coverage period, which is determined by the policy owner. Term life insurance rates are actually the cheapest form of life insurance, but there are different rates for different people. This is because...
Homeowner Insurance Terms
Homeowner Insurance Terms Home insurance, or even homeowners insurance, is an insurance policy that combines insurance on the home, its contents, loss of the use of the home (additional living expenses) and, typically, the more individual...
Term Life Insurance on Your Business Partner
Life insurance is something we often take out to protect our family and our loved ones, but that's only one example of how life insurance can save us in unhappy circumstances. Businesses also need protection and those with partners realize that if a...
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Why Income Protection Insurance Makes Even More Sense To Employers
It is interesting how group income protection is rising in
popularity by the day in the corporate world. It just goes to
show that the protection of an employee's income is important to
both the individual and the employer. In fact in some cases it
may impact the company much more than it impacts the individual
more so if the person was a key member of staff.
But what exactly is group income protection insurance?
Group income protection insurance is a cover that offers both
the employer and the employee protection against sudden illness
or injury on the employee that would incapacitate them or make
him or her unable to work. Group Income protection covers a
portion of an employee's salary should illness or injury prevent
eligible employees from working.
As the name suggests, this kind of insurance cover is usually
taken out with entire groups of employees at an organization or
company in mind. It is extremely useful to the organization
itself that would usually have to suffer the double tragedy of
both losing the skills
of the staff member and still having to
dig deep into its' pockets to meet the costs that are associated
with the employees incapacitation.
For a relatively small premium, an organization can adequately
cover itself against the pitfalls and inconvenience associated
with any of it's employees sudden disability and even death.
Apart from peace of mind, this kind of cover is extremely
attractive to employers because it gives an organization the
ability to attract and retain top notch talent with the income
loss cover being one of the employee benefits. This can make a
huge difference, giving an organization a clear edge where they
may be competing with other entities and establishments for the
talents and skills of certain individuals that they would like
to join their work force.
About the author:
Darren writes for several uk websites covering many different
aspects of uk financial services. Futher examples of his work
can be seen at www.goodinsurance.com
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