If you’re running a business, company health insurance might not be at the top of your list of priorities, but the benefits of having a policy also known as business medical insurance are such that it’s well worth looking into. 

The basics:

Most company health insurance policies will offer the following:

• 24-hour GP and stress counselling helplines
• Cancer cover as either an extra cost or standard
• Treatment in a hospital of your choosing
• Mental health support

Quick access to this level of support will be hugely beneficial to both you and your employees, and means that absences could be reduced alongside less time spent out of the office attending appointments that disrupt the working day. 

What are the benefits for you and your employees?

It’s straightforward; having a company health insurance policy in place for your employees shows that you take their welfare seriously. Having that sort of safety net can help to make anyone working for your business feel more valued and means that it’s easier for your employees to access high-quality healthcare when it’s required, as opposed to falling victim to NHS waiting times or being unable to pay for costly treatment. It’s the sort of perk that will help you to retain your workers and create a positive workplace environment. 

Staff illness and absence can be hugely detrimental to a business, so having access to private easy-to-access healthcare makes it easier for you to manage employee absence, which can often have a serious knock-on effect on your business’ productivity. 

Focusing on Mental Health

Research provided by the Britain’s Healthiest Workplace survey conducted in 2017 has shown that the UK loses roughly £77.5bn per year due to physical and mental health issues. 

Mental health, in particular, is benefitting from increased awareness these days, meaning that there is extra responsibility on companies to display effective strategies for helping their employees to deal with mental health issues, such as depression and anxiety.  

The importance of showing your employees that you care about their mental wellbeing just as much as their physical wellbeing cannot be understated, and knowing an effective support network is in place to assist with issues such as anxiety and depression will help them to feel more comfortable working for you.