By Katharine Moxham 19 September 2017.
WE ALL EXPECT OUR INSURANCE POLICIES TO PAY OUT WHEN WE NEED THEM AND GROUP RISK (EMPLOYER-SPONSORED LIFE ASSURANCE, INCOME PROTECTION AND CRITICAL ILLNESS) IS NO EXCEPTION TO THIS, BUT DO YOU KNOW WHAT ELSE THEY DO? FROM KATHARINE MOXHAM, SPOKESPERSON FOR GROUP RISK DEVELOPMENT (GRID).
Group risk benefits are often viewed as an employee benefits staple and are associated with catastrophic life events (illness, accident, disability and death) but they can and do provide everyday help to HR, line managers, business owners and employees in many unexpected ways.
Group risk providers recognise that having to make a claim is not an everyday occurrence so have worked hard to offer daily value by including other support within the products. For employees, these can include an Employee Assistance Programme (EAP), preventative support, fast-track access to counselling or physio, early absence interventions, a second medical opinion and more. For employers, support can include HR and employment law advice, legal document-writing systems, absence management, telephone support for difficult situations, mediation and others. Group risk support is also moving forward to include help in encouraging better health behaviours, for example giving access to GP services, health tracking apps and mental health support for staff.
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