Follow us on:

CloseClose

HR Magazine - A third of employers do not provide financial support if staff are diagnosed with a serious illness such as cancer

By Jo Gallacher 5 June 2020.

According to research from industry body Group Risk Development (GRiD), 9% of UK businesses said that providing financial support is not their responsibility

Given 50% of people survive cancer for 10 years or more, with many bound to return to the workforce, this is an issue that more employers will need to address.

However, 77% of employers claimed to offer practical or emotional support for staff when diagnosed with a serious illness, and some of this support may be funded by the employer directly rather than via an insurance policy.

Katharine Moxham, spokesperson for GRiD, said: “It can be difficult to know exactly what is the right support to offer in cases of serious illness as the situation changes for the employee. However, with so many innovative group risk providers incorporating a wide range of additional support within their policies, providing access to financial support should now be the absolute baseline for employers who want to support their staff at this time, and there’s a wealth of extra help that can be tapped into.”

Please click here to view the full article.

Join now

If you are active in the group risk market and would be interested in gaining a greater share of voice and working more closely with your contemporaries in the industry please get in touch by completing this page.

Benefits of membership:

A STAKE IN POLICY

A STAKE IN POLICY

The opportunity to influence group risk policymaking.

VALUE BY ASSOCIATION

VALUE BY ASSOCIATION

GRiD is a respected voice in the protection sector – as such, membership enhances the status of member organisations.

ACCESS TO EXCLUSIVE INFORMATION

ACCESS TO EXCLUSIVE INFORMATION

Privileged access to output from the various working groups, including consultation responses, regulatory updates, employer research and pan industry claims data. GRiD members also gain exclusive access to industry speakers at member meetings.

Please enter your details:

Member register
  •     Already a member? Please login.