Group Risk

Aldermont Group: Your Trusted Partner in Group Risk Solutions

What is Group Risk?

Group Risk, at its core, refers to insurance policies that employers take out to provide financial protection for their employees and their dependents against unforeseen adversities like illness, death, or long-term incapacity. These policies aim to embody an organisation’s commitment to safeguarding the financial well-being of its workforce during challenging times.

In the realm of employee welfare and financial protection, Group Risk policies may often be seen as essential instruments. These policies may provide peace of mind to your employees and also foster loyalty and trust. Aldermont Group, with its expertise in Group Risk solutions, is here to ensure your company and its employees are well-protected.

How Your Company Could Benefit From Group Risk:

In a competitive business environment, every company seeks an edge—not just in products or services, but in the value they offer to their workforce.

Incorporating Group Risk policies into your company’s benefits package is more than just a safety net; it’s a statement. It says that you, as an employer, recognise and prioritise the financial security of your employees and their families. Group Risk policies may enhance your brand’s reputation and also position you as an employer of choice in the job market.

The Benefits of Group Risk Protection

May enhance employee morale by providing financial security for their families.

Could help attract and retain top talent due to comprehensive employee welfare policies.

Tailored solutions offer flexibility to meet varied business budgets and requirements.

Demonstrates a caring company culture, which can foster loyalty and trust.

Aims to provide peace of mind to employees, which may boost productivity and job satisfaction.

.1%

Income Protection cases where insurers helped the employee return to work with early intervention before a claim was payable*

The UK Group Risk industry paid out in claims in 2023: equivalent to £6.05m a day*

Of new critical illness claims were for cancer related illnesses*

The Aldermont Group Approach

Deep-rooted Expertise in Group Risk

Our seasoned understanding of Group Risk products allows us to suggest the best fit tailored to your specific business dynamics.

Personalised Solutions

Every business is unique, and we at Aldermont ensure that our Group Risk solutions echo your distinct needs and budget.

Holistic Strategies

We integrate Group Risk initiatives with your existing HR endeavours, creating a seamless protective web for your employees.

Established Trust

We integrate Group Risk initiatives with your existing HR endeavours, creating a seamless protective web for your employees.

FAQs on Group Risk

How do Group Risk policies benefit the employees?

Group Risk policies aim to act as a financial shield, ensuring that employees and their families have monetary support during challenging circumstances like critical illness or death.

How does Aldermont Group make Group Risk selection easier?

We delve deep into understanding your company’s needs, the profile of your employees, and your budget, and then curate a selection of Group Risk options tailored for your business.

Are Group Risk policies a significant expense for businesses?

The costs can vary, but when gauged against the immense value and peace of mind they bring to your employees, Group Risk policies often represent a prudent investment.

Can startups or smaller businesses also adopt Group Risk policies?

Yes, Group Risk policies are adaptable and can be moulded to fit businesses of all scales and sizes.

How do Group Risk policies contribute to employee satisfaction?

By offering financial protection during unpredictable hardships, Group Risk policies strive to enhance overall employment satisfaction, leading to increased loyalty and reduced turnover.

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For comprehensive Group Risk solutions, Aldermont Group is the name you can trust. Let’s embark on this journey of securing your team’s future together.

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Group Life Insurance

A good employer cares about their employees and about what happens to the family of an employee if the worst happens, and an employee dies.

A Group Life Insurance policy provides a tax-free lump sum, paid to the family of the qualifying employee in the event of their death. Your most precious business asset is the talent and commitment of your staff. This policy is evidence of your commitment to them, protecting their family and dependants if the worst should happen.

Read More Here.

Group Income Protection

Group Income Protection policies are regarded as a core component of any successful employee benefits package and are highly valued by employees.

These policies aim to provide employees with a replacement income, when they cannot work for an extended period of time because of illness or injury. This replacement income is worked out as a percentage of the employees salary. This is usually 75% of salary and payments will continue until either the employee is well enough to return to work or they reach the end of the payment period insured under the policy. The payment period is usually either a fixed number of years or until the employee reaches State Pension Age.

Read More Here.

Group Critical Illness

Group Critical Illness cover pays a tax-free lump sum to an employee upon diagnosis of a critical illness.

The conditions covered vary from one insurer to another, but usually includes cancer, heart attack and stroke. Group Critical Illness cover may reassure employees and help mitigate potential financial problems if they become seriously ill.

Read More Here.