Incorporating insurance options into your employee benefits program can significantly enhance the value and appeal of your organisation, positioning it as an Employer of Choice while improving employee retention and satisfaction.

Here are some strategies to effectively utilise insurance:

1. Group Journey injurY 
   

   This product is intended to provide personal accident insurance to Australian based businesses, partnerships, joint ventures, charities, educational institutions, corporations, organisations and government bodies for injuries sustained whilst their employees are travelling to or returning to their homes, for the purpose of commencing or following the completion of their days’ work.

   It is designed for customers seeking cover to mitigate the financial loss they may face as result of their employees suffering from unexpected accidental death, injury or disability as a result of an accident occuring whilst their employees are travelling to or returning to their homes from their usual place of work, for the purpose of commencing or following the completion of their days’ work. It is designed for customers to choose the appropriate options and selection of covers. The product contains different cover benefits depending on the selected cover type and has a range of specified covers as well as optional covers that may be available to customers at a varied cost.

2. Group Personal Cyber Protection

    

   As technology continues to infiltrate our lives, protecting yourself and your family against cyber risks has never been more important. Personal Cyber Protection Insurance is an important part of any household’s cyber risk mitigation and recovery strategy.

   Emergence Insurance (Emergence) has claimed an Australian “first” with the launch of its group personal cyber insurance, which employers of any size can offer as an employee benefit for team members. The offering covers employees and their family members. It could cost less than $1 weekly per employee and has no excess, according to Emergence.

   Emergence’s group personal cyber policy provides cover up to $20,000 for each insured person for cyber events that could affect their home IT, including malware, cyber espionage, cyber extortion (ransomware), denial of service attacks, and hacking.

   The cover also includes cyber event response costs such as credit and ID monitoring and the costs of cyber extortion, data restoration, legal, notification, technical management, and virus extraction. Additionally, it provides access to 24/7 incident response hotline and cyber breach experts.
   For more information, refer to Emergence;
   Emergence Insurance: Australia’s award-winning cyber insurance

3. Discounted travel Insurance solution

   Incorporating Travel Insurance Benefits for your employees can add to the value of working with your business. See Warren Saunders Insurance Brokers collaboration with World 2 Cover Travel Insurance to include in your Employee Benefits Program today. Contact us for customised items for your company.

   See more here:
   WSIB Personal Travel Insurance – Warren Saunders Insurance Brokers

4. Group Salary continuity 

   Salary continuance insurance offers financial support if you’re unable to work due to sudden illness or injury. It’s held within a super fund, meaning your premiums are deducted from your super balance instead of your bank account. When you make a claim, benefits go into your super before being released to you.

   You can purchase salary continuance cover from your own superfund or your employer may provider group salary continuance as part of its benefits. This can be paid for by the employer, or there can be an arrangement whereby the employer pays for a portion and the employee pays for the other portion, or the employee can pay for it all.

   For more information on this topic, please refer to Tempus Wealth;
   Home – Tempus Wealth

By strategically integrating insurance into your employee benefits program, you can enhance employee satisfaction, attract top talent, and foster a more engaged and productive workforce.

For more information, please contact our experienced Account Brokers at (02) 9587 3500.