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HR Zone - Group risk products help SME attract/retain staff

By Katharine Moxham 17 April 2018.

As spokesperson for GRiD, the trade body for the group risk industry (employer-sponsored life assurance, income protection and critical illness protection benefits) I often get asked to comment on group risk products in detail. That’s all very well, but what really brings their value to life for employers is seeing how they’re used in practice. So I want to share how one company has used group risk products to great effect.

They have used group risk protection as the bedrock for a comprehensive upgrade of their employee benefits. Group risk products are relatively inexpensive and the benefits are far reaching, particularly when the added extras such as access to Employee Assistance Programmes are considered, so it’s important they’re not overlooked in favour of more immediate staff rewards. 

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