By Kimberley Dondo 5 January 2017.
Group risk was traditionally purchased by employers as a part of their staff attraction, retention and differentiation offering. However, recently more employers are using it because of a combination of the financial benefits and support services that group risk insurers offer...
...Katharine Moxham, spokeswoman for GRiD, fully supports the use of group risk products, especially in light of the Taylor review into modern working practices, which explored attitudes to mental health in the workplace. She says: “The group risk industry can and does help employers to support the mental health of their workforce and we have long recognised the positive impact of early interventions.
“We’d encourage employers using the various support services available alongside group risk core products (employer-sponsored life assurance, income protection and critical illness), many of which are aimed at helping people with mental health conditions stay in or get back to work.”
Please click here to view the full article.