Employee Benefits (Group Insurance)
In recent years, insurance as an employee benefit has become increasingly popular in New Zealand. Businesses who introduce Group Insurance promote superior staff benefits, company culture and are less impacted by unproductivity caused by illness and injury.

Increase productivity
Implementing Group Health, Life, Income Protection and Trauma Insurance ensures your staff spend less time on public health system waiting lists and more time at work.

Promote staff wellbeing
When implementing cover for more than 14 staff, cover for pre-existing conditions applies. You may have staff in your team who are currently multiple year long waiting lists for medical treatment. Providing them Health Insurance means they can access treatment privately without delay.
Additionally, this remains a sure strategy to attract staff amidst a competitive employment market.

Supercharge your employee benefits package
Employers can purchase Group Insurance for as much as 20% less than what it would cost for staff to purchase cover privately.
Implementing such cover can be better value than a pay rise.

Buy/Sell Insurance (Shareholder Protection)
In event of a key shareholder’s death or suffering a serious illness or injury appropriate insurance planning can ensure that remaining shareholders will be able to enact an pre-planned buy/sell agreement, funded by dedicated insurance planning.

Key Person Cover
An individual can effectively cover their own income in event of illness or injury through Income Protection Insurance. However, their employer will still suffer from loss of revenue.
Appropriate Key Person Insurance can eliminate the associated financial loss under such circumstances.

Debt Protection Cover
A form of Key Person Cover, Debt Protection Insurance is designed to ensure liabilities associated with the loss of a Key Person are nullified.

Are any of these cover needs relevant to your business’ requirements? Be in touch with us today on 04 384 7113 at service@rtfs.nz or book a call with us.