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Health & Protection - Why firms are deferring health and protection benefit buying decisions – analysis

By Graham Simons 30 April 2021.

While firms increasingly understand the importance of providing health and protection benefits to staff in these times, the severe economic downturn caused by the pandemic has meant many are choosing to put buying decisions off to a later date.

The latest CIPD/Simplyhealth Health and Wellbeing at Work survey revealed earlier this week that while 64% of firms now offer some sort of insurance or protection initiatives to at least to some groups of staff – this was largely unchanged from previous years.

Health & Protection threw the question over to intermediary experts on why there appears to be a disconnect between a growing need among employees for health and protection benefits and firms’ appetite to purchase them.

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