Does your charity have suitable insurance protection policies in place?
Whilst you cannot predict the unknown, it is possible to safeguard your charity and employees against a variety of outcomes.
How we can help you
Insured benefits are a key component of modern employee benefit packages and, given the uncertainty of our lives, are valued by employees.
Suitable insured benefits will enable you to safeguard the financial security of your employees and protect the future of your charity.
Once we understand your requirements, we will work with you to implement cost-effective solutions. We can help you implement several types of insured benefits.
- Life Insurance – often referred to as Death in Service. Upon the death of an employee, these policies provide a tax-free lump sum to the deceased beneficiaries.
- Income Protection – if an employee is unable to work due to a long-term illnees or injury, these policies pay a proportion of their salary.
- Private Medical Insurance – these policies provide access to private healthcare. Often this helps to reduce absenteeism.
- Critical Illness Cover – should your employee be diagnosed with a serious medical condition, these policies provide a tax-free lump sum.
- employee assistance programmes (EAPs)
- cash plans
- health screening
Our process
Our expert team will work with you to identify and implement insurance protection policies that meet the needs of your charity and its employees.
Your consultant will continue to review your position throughout your ongoing relationship with us, ensuring that your arrangements are fit for purpose. If you have any queries about your arrangements, your support team will be able to help you.
You will be provided with a full breakdown of charges to agree prior to the commencement of any work. We are an NCVO Trusted Supplier and NCVO members receive a 10% discount on our initial fees.
1. Identify
Your consultant will work with you to identify the needs of your charity and employees.
2. Implement
Your support team will carry out thorough research to find the best rates for you.
3. Review
You will meet with your consultant periodically to discuss your charity’s circumstances and any subsequent changes to your policies.
FAQs
Take a look at the frequently asked questions below to find out more.
You can decide which employees you provide Life Insurance cover for. You can set it up to include all staff who have been working for the business longer than a certain period or have them automatically covered from their start date.
It covers your employees in case they are unable to work due to illness or injury. It can replace part of their income and pay out until they are able to begin working again.
Insured benefits help you to safeguard both your charity and its employees from the unexpected.
For employees, this provides added financial security in the event their regular income ceases.
The benefit for your charity is that you can ensure security in the event a senior figure is unable to work. Additionally, insured benefits can improve your employee acquisition and retention.
These are the additional benefits included within the policy. These include:
- employee assistance programmes (EAPs);
- cash plans; and
- health screening.
Useful resources
Take a look at our useful resources below to find out more. Additional content is available via our resource centre.
Save money with salary exchange
Salary exchange could be a viable way to save on National Insurance Contributions. Read our article for more information.
Group income protection (GIP)
Group Income Protection policies can support your organisation and employees. Read our article for more information.
Reviewing your charity’s investments
Charitable investments are often fundamental to support the capital and income requirements of a charity. Read our fact sheet for more information.
