It doesn’t matter where you are, business health insurance can be a great way to protect your employees, boost morale in the office, and give them the peace of mind they deserve. In a world where employee rights are becoming more and more prominent, you need to show you care.
No one likes the stress of wondering what happens if they get sick, and a business health insurance plan takes that fear away. If you’re wondering more about what they do and why they are beneficial to the workplace, this is exactly where you need to be.
What is Business Health Insurance?
Business health insurance is private medical insurance for you and your employees. It means that if you, or they, get sick or injured they will be covered by private medical care by the insurance company and only have to pay a small excess towards the total amount.
It should be noted that it is not a legal requirement to have business health insurance, but it is exceptionally practical and one of the most sought after benefits in the workplace.
Do You Need Business Health Insurance?
No one is forcing you to get business health insurance, but it’s absolutely worth getting. For starters, you attract good staff that want to stick around, which means you get to build a work community that you actually enjoy being around and that want to be at work.
It saves time because your employees will be seen, diagnosed, and treated as quickly as possible. There is no need for waiting, no lists to be seen, they have nothing to worry about and can have the results quickly for their peace of mind.
Once everything is done, you will find they are able to get back to work sooner as well. This is because their recovery times tend to be faster, which saves you money as an employer and means that your employees are less stressed about being away on sick leave.
What Does Business Health Insurance Cover?
Here are some of the most common features that business insurance covers:
- 24/7 GP service
- Specialist consultations to help diagnose conditions (including cancer)
- Diagnostic surgery
- Private hospital and practitioner fees
- Nursing care
- Mental health support
- Therapy services
- Gym memberships
- Dental coverage
- Optician coverage
- Lump-sum payments when unable to work
- Family coverage
These are just some of the reasons why business health insurance works, and you can see that it clearly does a lot for those who are covered. Through this, your employees can rest easy knowing that they are taken care of – their family as well in some cases.
As you can see, there is nothing but advantages to having a business health insurance plan. It’s a good step forward for your business, and will lead to you building a work community where people feel more connected rather than like cogs in the machine. It’s not just about making your employees happy, it’s about making them feel safe and protected should the worst happen.