Group Personal Accident, Sickness and Business Travel
Benefits
To Intermediaries
- Easy cross sell with existing Norwich Union product set
- Low maintenance/working cover with few rating fluctuations
- One stop solutions for client
- Competitive rates of commission
- Supports Liability classes of business
- Increases premium income and can reduce loss ratio on overall account
To Policyholders
- Protects their most important asset - THEIR STAFF
- Offers financial protection at low cost
- Covers accidents that occur outside of work but impact on the business
- Benefits are payable to the policyholder
- The policyholder can distribute benefits to the greatest advantage of their business, benefits could be used to
- Contribute to Death in Service arrangements
- Contribute to weekly salary payments for absent staff
- Pay overtime costs
- Pay for advertising for replacement staff
- Offset costs of hiring temporary staff
- Offset other additional costs to the business
- Be seen as a caring employer
- Potential to offset some Liability premium costs
