Putting measures in place to help ensure the health and wellbeing of employees not only contributes to their individual welfare but can also help the employer control absence costs and improve employee morale and productivity.

Typical costs could be the cost of sick pay and the cost of temporary staff which may ultimately result in the loss of customers and the loss of management time. In 2000 it was estimated that employee absence cost British industry 192 million lost working days and £10.7 billion in lost production - Source - CBI. Employers can manage these issues by transferring the risk to insurers by providing products which benefit both themselves and the employees.

The provision of benefits like private medical insurance and death in service benefits are now viewed as an important part of an employees benefits package and can be a useful tool for staff recruitment and staff retention for employees who appreciate the importance of quality cover for themselves and their families.

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