Group Risk refers to benefits offered by employers that help to protect the most important assets of their business - their employees. This protection can include life and income protection insurance.
Insurance and cover for businesses has become increasingly important to both employers and their employees.
Group Risk insures employees in the event of long-term illness or death. It can assist with costs of rehabilitation for employees who have long-term absence as a result of illness or accident including more commonly, stress.
In addition to helping reduce company exposure to financial risk, employers realise that by offering insured benefits, they can round off a comprehensive employee benefits program, attracting and retaining high calibre staff.
