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Finance  »  Insurance

Private Medical Insurance will boost your corporate image

By: Debbie Wright

Date Added : July 19, 2011 Views : 573
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Companies are searching for any method to improve their image in the minds of key players. It is possible to do this by getting Private Medical Insurance for your workers, as an indicator that the company cares for its human resource.

Everyone’s attention will be drawn to this fact. They will want to be associated with this company for its concern about the worker’s welfare. This is one of the factors that define the company’s image.

As one of your most important business assets, it pays to have happy and healthy staff. ‘Employee absence cost employers more than 13 billion in 2006 alone’. (Confederation of British Industry).

The Health and Safety Executive states that ‘work related stress accounts for over a third of all new incidences of ill health’. Many insurers now offer stress helplines providing valuable support for your employees and an effective absence management tool.

That’s why more and more businesses are choosing to offer Private Medical Insurance. Unfortunately, selecting the scheme that offers your business value for money from the hundreds on the market can often be confusing and extremely time consuming.

To give an example:

A permanent employee earning £29,000 per year is struck with a knee injury and is unable to attend work:

What can the company do?
Lack of the Private Health Insurance means the employee is left to depend on the public system, which takes months before the employee gets assistance, and hence the need for temporary cover to cater for the expenses.
On the other hand,
The company with Private Medical Insurance will see the employee get assistance quickly within the budgetary allocation because it works with premiums.

It will also translate to more savings for the company whether monthly or yearly for the same cause. This means better image, more profits and maximum productivity by workers.

Debbie Wright is the author of this article on private medical insurance. Find more information, about private medical insurance plans here

Article Source: Private Medical Insurance will boost your corporate image

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