In any business the employees of a company are the most important asset. Protecting a company’s employees is an important part of running a business and getting group personal accident coverage is a step in that direction.
This type of coverage makes sure that there is a claim that can be handed in if an employee dies, suffers a permanent disability, temporary total disability or incurs other medical expenses. There are additional types of coverage that can be added to this, but this is the first step in making sure your employees are well looked after if an accident were to happen.
The claim is paid out to the holder of the insurance policy. This is useful because it can protect both the company and the employee. For the business it helps because the company will not suffer losses if the employee plays a key role in the organisation. The employee benefits if the company decides to assist them in their time of need. This will also put the organisation in a good light.
Clearly then, having group personal accident insurance is an important part of caring for your company’s employees. Choosing the correct broker to provide this for your business is just as important as having the insurance. It is important that your cover is personalised and suited to your specific business needs.
At Compendium we offer a highly flexible insurance policy for businesses. Our mission is to provide specialised, innovative and affordable financial solutions to select market segments, including individuals and businesses ranging from small enterprises to large corporations.
If you would like to find out more about us, visit our webpage at www.cig.co.za, or contact one of our brokers on: 031 242 6800.