Hi all,
I recently attended an HR seminar where the subject of Income protection policies cropped up. A show of hands revealed that we were the only organisation to offer it to staff - which surprised me somewhat.
Since then, we have had cause to call on it - when a member of staff became seriously ill and obviously unable to continue to work - even with adjustments. After going through the long term sickness absence process, he was taken on by the insurers - who assessed that he was not totally unemployable and therefore refused to accept his claim for income protection. I can see their viewpoint - they don't want to payout unless they have to.
It's been a pretty exasperating time trying to deal with it, and I really feel for the person involved.
It does make me wonder though - is this the reason why so few employers have such a policy in place?
So - do you have such a policy in place, and more to the point, has it worked for the employee who becomes unable to work through serious ill health?
Be great to hear your thoughts..
Steve
Replies
Hi there
We have a GIP policy in place, and have done for years. All staff are automatically enrolled on the scheme however can choose to flex it up or down if they wish. I know of two members of staff who are on it at the moment, and as far as I know both claims went through with no issues.
Tracey
Thanks Tracey,
Good to know that it can work out. The case here wasn't straightforward as there were several factors to consider - which I am sure will have had a bearing on the outcome.
Steve