Group Risk is a term that generally covers three company sponsored employee benefits
Group Risk benefits are often (but not always) fully insured.
Often provided as part of a wider benefits package, these employer sponsored products can give employees access to insured protection cover either at a reduced rate or free of charge as they are covered under one “group” policy. This is often more readily available than individual cover since most employees do not generally need to provide medical details before cover is granted.
Group Risk benefits are highly valued as they provide financial protection for employees and their families, yet they are relatively inexpensive for employers compared with some other components of the typical benefits package.
Talk to the Clifton Wealth Team today about exploring options for cost effective employee benefits such as Group Risk.