If you want to attract and retain the most talented and dedicated individuals in your sector, then you need to offer an outstanding employee benefits package. With bespoke insurance products you can offer a competitive benefits package that will strike a chord with both existing and potential employees.
In this post, we’ll explain how bespoke insurance products work for business and discuss why they make for the best and most valued employee benefits.
Bespoke Insurance Can Be More Affordable
The word “bespoke” might make you think that this sort of service is going to cost you. But this isn’t necessarily the case. Bespoke insurance products can actually be more cost-effective than standard, one-size-fits all policies.
Some employee benefits providers offer a selection of off-the-shelf products. Work with them and you’ll get the same products as everyone else, and for the same price. For some businesses, this is fine. But this purely transactional approach means that you could end up paying extra for cover you don’t really need.
Yet with our bespoke insurance products, we’ll take all of your needs into consideration – including your budget. We’ll work with you to build that ticks all of your boxes, without breaking the bank.
The end result is a product that delivers true value for a fair price.
What Are Bespoke Business Insurance Products?
With bespoke insurance products, your business or an employee benefit consultant can tailor specialist insurance cover policies that you can then offer your staff as employee benefits.
Our bespoke insurance products include:
If your employees regularly travel as part of their work, you can provide total peace of mind through offering them cover for many unexpected events.
Bespoke travel insurance for businesses can include overseas medical cover, cover for lost baggage and delayed flights, and cover for personal possessions. You can even let your employees’ travel insurance extend to any travelling they do outside of work, either alone or with their family.
Private healthcare cover lets your employees bypass long waiting times for appointments, and instead receive 24/7 UK GP access. You can also offer private diagnostic consultations, private outpatient and day care treatments, and even tailored mental health cover.
Employees can also add family members to their workplace health plan, making this an employee benefit that truly lets them prioritise what matters most: Their health, and the wellbeing of their loved ones.
While many patients struggle to get dentist appointments, dental cover as an employee benefit means your staff can get rapid and reliable treatment as soon as possible. Features include app integration, with the ability to make “snap and send” e-claims that can be settled in as little as 24 hours.
And again, this is another benefit that your employees can share with their family, as you can let them add relatives to the policy.
Personal Accident Cover
Personal accident cover, also known as personal injury insurance, will give your employees and their families compensation if they ever suffer injury as a result of an accident.
You can take out bespoke personal accident insurance based on your employees’ unique risk profiles. Alternatively, you can take out group personal accident insurance to cover employees who face similar occupational risks – such as warehouse staff.
Personal accident cover can also cover all medical expenses related to the injury, as well as any ongoing rehabilitation expenses, such as for physiotherapy.
Why Bespoke Insurance Products Make The Best Employee Benefits
The best employee benefits are those that demonstrate you truly value your people, and that you care deeply about their health and wellbeing.
A recent survey of UK workers found that the majority favour benefits that prioritise their personal wellbeing. And in these days of long waiting lists, cancelled appointments and large healthcare backlogs, healthcare cover and dental cover are particularly valued employee benefits.
With good cover in place, your employees can rest assured that if ever anything goes wrong, they’ll be able to depend on getting the help and support they need as soon as possible. And if they can add family members to the policy, even better.
At Capacity Insights, we draw from data science insights to develop a deep understanding of just what modern employees want and need from their benefit packages. We work closely with our clients to ensure that your employees’ needs are at the heart of everything we do.
Bespoke Insurance Starts With A Conversation
To tailor a product to suit your employees’ specific needs, first we’re going to have to get to know you, your business, and your people.
This requires a series of constructive conversations. It’s a collaborative approach based on open and constructive dialogue and total transparency. Together, we’ll build a bespoke insurance product that truly strikes a chord with your employees.
Get Bespoke Business Insurance Products Today
At Capacity Insights, we don’t just see an affinity or a customer base as a set of sales leads. We are committed to designing bespoke insurance products that fit your niche.
We don’t take a generalist approach to choosing our services or providers. Instead, we actively seek the providers we know will meet your business needs. We also use data science insights, including access to significant premium and claims databases, to ensure that our policies truly reflect current market trends.
Get in touch to find out how we can tailor a bespoke insurance product that offers true value at a competitive price.