Cover for Small Businesses

Medical Recovery Insurance for Small Businesses

The most significant time off work for an employee will be due to a medical operation or procedure, and unless an employer provides sick pay, this will be covered only by statutory sick pay.
 

Traditional income protection schemes rarely cover short-term absences and where they do, the cost can be substantial. MyRecoveryCheque gives peace of mind by providing cover for absences following an operation or a medical procedure ranging from a few days to a few months or more at an affordable  premium.

Should your employees require an operation or a medical procedure that requires time off work MyRecoveryCheque helps insure them against a loss of income by providing a cash benefit which is linked to the normal recovery time for their treatment.

The policy is designed for employees who are not covered by  an employer’s sick pay scheme, as well as for small to medium employers who want a sick pay scheme at an affordable  price.

MyRecoveryCheque is also ideal for employers who are unable to shoulder the risk of providing sick pay above statutory sick pay rates, but who can afford the premiums of this  policy.

Our plans provide the flexibility to allow cash benefits to be paid to the employer when employees are recovering from an operation or a medical procedure and these benefits can be used to help fund SSP obligations, pay for additional sick pay benefits or to hire temporary staff.

Family schemes are also available to enable parents to stay off work to care for a child recovering from surgery, and some early complications of pregnancy are covered as well.

Coverage for Occupational Injuries

In addition to covering operations and medical procedures  which are not directly related to employment, occupational injuries such as fractured wrists arising from a fall, hernia repairs, shoulder muscle repairs and lacerations of longer than 5cms are covered  according to their normal recovery times to light manual  work.

How MyRecoveryCheque compares to Income Protection Insurance

Income protection schemes rarely cover short-term absences and where they do, the cost can be substantial.  MyRecoveryCheque gives peace of mind by providing cover for employees for absences from a few days to a few months at an affordable premium.

MyRecoveryCheque offers the flexibility to have Benefits paid to the Employer

Our plans also provide the flexibility to allow cash benefits to be paid to the employer when employees are recovering from an operation or a medical procedure and these benefits can be used to help fund SSP obligations, pay for additional sick pay benefits or to hire temporary staff.

Four levels of cover are offered for different income levels, with benefits matched to four durations of absence, a few days, two to three weeks, one or two months and prolonged absence.