Corporate insurance is a universal tool of protection, which increases the loyalty and quality of work of employees. Employee insurance successfully works and gives high labor productivity indicators in Western companies, where such insurance is included in the social package. Why do companies offer health insurance benefits?
Types of insurance protection for corporate clients include:
- employee accident insurance:
- voluntary medical insurance.
Features of programs for legal entities are that the employer can choose a specific list of risks and insurance amounts for them, based on the position held by the employee, or taking into account the performance of a particular employee.
Advantages of corporate insurance
- Firstly, such insurance is an important tool for attracting valuable staff. In addition, it is also a work incentive, because, for example, with a voluntary health insurance policy, employees feel protected from numerous health problems and, therefore, can fully concentrate on solving work issues.
- Secondly, under the insurance programs team members will be able to undergo regular medical check-ups, examinations and vaccinations. It is important to understand that the state of health directly affects the quality of work and performance of job obligations.
- Thirdly, this type of insurance will not only protect the health of subordinates, but also save them time. After all, in order to see a doctor, they will not have to stand in queues and ask their managers to excuse them during working hours. In turn, this trend will have a positive impact on productivity.
- Fourthly, as statistics show, in companies where the employer does not spare resources on insurance, subordinates are less ill, and therefore spend less time on sick leave, which has a positive impact on the quality of work.
Speaking of other benefits of such insurance protection it is impossible not to mention such a significant advantage for the employer as preferential tax treatment of policies. In addition, insurers often provide discounts on the conclusion of contracts in terms of long-term partnership. Insurance coverage for legal entities – it is not just a pledge of health of the team, but also one of the factors affecting the success of the business as a whole. After all, a healthy employee is a productive employee.
So it’s important to weigh this possibility once again and make sure that insuring your employees is the right move. After all, in the end, you have the opportunity to get a great level of productivity and protect your employees. Plus, it’s now possible to take out such insurance at a cost-effective rate.