Protection

Protection

Here at C&C, we focus on protecting companies and their valued employees, nothing is more critical to the health of a business than the protection of its people. Some of the services that we have mentioned below would be worth offering your staff, which will assist in absence management, improved productivity and an engaged workforce.

GROUP LIFE ASSURANCE

For many of your employees, the salary they receive is essential to the financial wellbeing of their families, therefore their death may have a devastating financial effect.


A group life policy can provide financial support by paying a cash lump sum to an employee’s family. Whilst in the main it is tax-free there could be times when it is not due to the lifetime allowance.


In addition, families have access to free support services such as a probate helpline and bereavement counselling. Providing life cover can help you attract and retain quality employees by demonstrating your appreciation and showing you care about the welfare of their families.

BENEFITS INCLUDE:

  • Employees can be covered for a multiple of their salary or a fixed lump sum
  • Wide variety of options available means the right plan can easily be constructed
  • Easy to administer
  • Full peace of mind for the employee
  • Not a taxable p11 d benefit for employees

GROUP INCOME PROTECTION

Group income protection provides a proportion of an employee’s salary if they are unable to work as a result of long-term illness or injury allowing you to support them financially through what can be an emotional and stressful time.


Up to 80% of an employee’s salary can be paid for a limited number of years or up to the policy cease age.


As well as financial support, employees have free access to absence prevention tools and rehabilitation support from first day of absence.

GROUP CRITICAL ILLNESS

Group critical illness provides a tax-free lump sum, paid directly to the affected employee should they be diagnosed with a defined condition under a classified list of ailments, or procedures determined as a critical illness event.


As well as the financial support, employees have access to free support services such as second medical opinion.

KEY PERSON COVER 

Safeguard your business against the death, terminal or critical illness of a key person by insuring the people and leaders who add most value to your business.


Taking out key person protection means, should the worst happen, your business has the time it needs to recover financially and operationally from the unexpected loss of contributions from a key team member.


You can insure key persons to an appropriate monetary value based on their salary, the profit they bring into the business, or any other important and relevant company metric. The key person does not need to be a shareholder in the business e.g. – they can be a top-performing sales rep, a research and development team leader, a non-executive director, or anyone whose permanent absence would cause your business significant short /medium term harm.

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