What is Protection? This is similar to personal protection but differs in some crucial ways. The focus of this protection is twofold. Firstly to protect the employees and secondly, to protect critical individuals within the company. Both these areas are about delivering financial compensation due to an event outside your control.
Why do we do it? To enable the employees and employer to work without financial concern of the consequences should an individual be unable to work. Depending on the protection scheme, it will give a lump sum or income on the diagnosis of a qualifying illness, being unable to work or death.
What do we need from the client? We need to understand your business, your employees, and your priorities. This way, we can produce a protection plan that suits you.
What will we produce? The protection plan recommendations will be incorporated into your Employee Benefits plan.
What tools do we use?
- Iress exchange – is a live quote engine that gives us access to a wide range of quotes from insurers to provide you with a realistic cost estimate before going into underwriting.
- Critical illness expert – this allows us to accurately research the specifics of every critical illness contract in the marketplace, both current and historical, giving us confidence that if we are putting a new policy in place for you or replacing an incumbent policy, we are getting you into the best policy for your needs.