SME Private Health Insurance

Employee health problems can be a serious concern for business owners, especially in small businesses. While a larger firm might be able to compensate for a single worker’s prolonged absence, a small business often struggles to do so. Whether it is a software firm losing a coder, a restaurant losing a chef or a transport company losing a driver, a small business suffers when employees are out of work for long periods due to illness or injury. The costs of covering for a critical employee’s sick leave can mount quickly. In addition, small businesses are tight-knit communities; the prolonged illness of one employee can become a concern for everyone in the business, including the owner. It is easy to see why it is vital to get sick employees back to work as soon as possible.

In a world of increasing uncertainty regarding public health care, waiting times can be a serious problem for patients, as can travel distances. In addition, the challenge of dealing with an overstretched health care system can be very stressful for employees. Private health insurance aims to take away these worries, providing speedy access to a high standard of personalised care. Employees will have the comfort of knowing that they will be in charge of their own health care decisions.

Not only does having private health care as an employee help employees feel more secure, improving productivity and morale, it can reduce the costs of extended periods of sick leave and illness cover. Private health care is also an increasingly attractive benefit in a climate of uncertainty about the fate of public health, making it a powerful tool for recruitment and employee retention. As a result, it is a highly cost effective benefit, providing not only improved healthcare for employees, but also improved financial outcomes for businesses.

We believe offering private health insurance as an employee benefit is a good way to build company morale, look after your workforce and get them back to work as quickly as possible in case of illness. Although many employers worry about cost, private health care can be surprisingly cost effective, especially when compared to the potential costs of long periods of employee absence.

If you want to offer private health insurance to your workforce, or if you are just interested in finding out more about the costs and potential benefits, get in touch and receive your free, impartial and no-obligation Quick Quote today.