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Employee Benefits
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7(1)
Private Medical Insurance
Private Medical Aid is designed to cover the costs of private medical treatment for a disease, illness or injury that are likely to respond quickly to treatment, aiming to return you to the state of health you were in immediately before suffering the disease, illness or injury, or which leads to your full recovery.
8(1)
Employee Assistance Programme
An Employee Assistance Programme (EAP) provides external counsellors, resources, and referrals to assist employees and their family members. Any EAP benefits received by employees or family members remain confidential. This means that while the employer pays for the service, they have no insight into an employee’s specific use of the service.
9(1)
Cashplans
A more cost-effective way of looking after everyday health costs are health cash plans, which offer cash payments for a variety of health care needs such as dental and optical fees. We have access to several insurers who provide health cash plans which offer different levels of cover, and you can choose plans at levels to suit your needs and budget.
10(1)
Group Income Protection
If you are worried about employees and colleagues being absent from work due to long-term illness or injury, then a Group Income Protection policy will be able to assist you. A Group Income Protection policy can help safeguard against financial and other hardships that may occur such as incapacity, accident or even death to its members.
12(1)
Key man Assurance
You will find that the success of almost all small and medium-sized businesses is dependent on a few people who make a significant contribution. These key people can include owners, senior directors, salespeople, production managers, research and development staff or other people with specialist skills or knowledge.
13(1)
Pension Trustees Liability
Trustees are faced with a greater number of statutory duties brought into force by the Pensions Act 1995. A duty of care was subsequently imposed on trustees under the Trustee Act 2000. More recently, the Pensions Act 2004 introduced several changes to the duties and obligations of trustees, including a new statutory requirement for ‘knowledge and understanding’.
15
Group Death In Service
Having Group Death in Service insurance provides a tax-free lump sum and/or the employee’s pension to be paid to their family or nominated beneficiary should they die while working for your business. Group Death in Service insurance demonstrates to an employee that you care for your staff’s welfare and reassures them that they are indeed valued by your business.