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Group Income Protection
Group Income Protection
Business’s need the same protection requirements just as much as individuals. A Group Income Protection plan will pay a proportion of an employees salary if they are unable to work through accident or illness over a period of time
This type of protection gives both the employer and the employee the safety net that is needed during a difficult time.
The Confederation of British Industry has estimated that sickness absence costs UK business £13.4 billion each year.
In 2007, sick leave and absenteeism cost UK industry:
• £13.2 billion*
• 172 million working days*
• an average of 6.7 sick days per employee*
*Source: CBI/AXA absence and labour turnover survey 2008, Confederation of British Industry
Next Steps
To find out more call the 1st Option help desk on
0800 089 0110
or
contact us
via the website.
Calls to this number will be free from most UK landlines; mobile costs will vary.
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