Group Risk

Look after your employees with a group risk scheme

Many companies choose to provide group life and disability benefits to their employees. In fact, the inclusion of these benefits in an employee's remuneration package can be an important pull factor for potential new hires. A group life and disability plan provides financial security by compensating the families of members in the event of death or disability. At Zurich Life, we understand the diverse needs of employers and trustees in providing these kinds of benefits. We have designed comprehensive and flexible Group Risk policies that can be tailored for companies of all sizes.

What is Group Risk Cover?

Group risk cover allows companies to offer employees special benefits that will compensate their families in the event of death or disability. Life cover can bring employees peace of mind, as they know that their families will be looked after if they die. Group disability benefits allow an employer to pay a portion of an employees salary if they are affected by illness or injury for a prolonged period of time. We can create plans that also offer early intervention and specialised rehabilitation services, helping employers meet their obligations and employee expectations.

How does it work?

If you decide you would like to offer life and disability cover to your employees, we will work with you to create a bespoke scheme that's tailored to the needs of your business. Our approach to scheme underwriting is based on our local knowledge of the mortality risk markets, and the rapidly changing nature of industry and technology. Our outlook allows us to provide extremely competitive rates across a wide range of companies and industries. When it comes to making claims, our dedicated claims teams will deal with all cases efficiently, and with diplomacy.

Product features

  • Pull Factor: These benefits are valuable in attracting and retaining valuable employees.
  • Peace of Mind: Employees have the security of knowing their family will be looked after, no matter what.
  • Customer Service: Our experienced and efficient claims team are on hand to deal with any claims.
  • Competitive: Our approach to underwriting allows us to offer fair and attractive premiums.

Who is Group Risk for?

Group Risk Cover will be of interest to any company that wishes to demonstrate that it cares about the welfare and financial security of staff and their families. Whether you're running a small business, or looking after the compensation of personnel in a large multinational - we can create a bespoke scheme to suit your needs.

Why provide Group Risk Cover?

Offering group life and disability cover to employees reflects the company's concern for the welfare and financial security of members of staff and their families. It can be a powerful element in a remuneration package that will attract and retain high calibre employees. Disability cover allows a company to demonstrate compassion to employees affected by illness or disability. This kind of cover can reduce the financial impact on a business if it loses staff to long-term absences from work.

Other ways to protect your business

Zurich Life can offer your business several other ways to safeguard its people and interests, as well as Group risk. Key Person Insurance, Co-director Insurance and Corporate Co-director Insurance are just some of the plans we offer. Our advisors are on hand to talk you through your options and to help you choose the right plans for your business. Find an advisor in your local area, or call us directly at 1850 804 164.

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