Becoming ill or disabled and being forced to live on State Benefits can be devastating.
If your employer does not provide you with an employee benefit scheme, you may have to purchase your own.
The cost depends on several factors:
- Your age
- How dangerous your employment is
- Your state of health
- How long you are willing to wait before your payment commences
There are various options that commence payment from four weeks onwards. It is possible to select deferment period to suit your requirements and/or budget. The selection is often based upon the support your employer will provide you in illness.
Income protection scheme for individual employees or for employees as a group is possible.
The arrangement allows you to protect your employees from loss of income if they encounter poor health.