ABOUT CLAIMS VIDEOS NEWS CONTACT CAREERS PAY ONLINE CONTACT US TODAY 01274 515747 MON - FRI | 8:30AM - 5PM Menu Group Death In Service In House Claims Bespoke Insurance Solutions Risk Management Expert Advice Having Group Death in Service insurance provides a tax-free lump sum and/or the employee’s pension to be paid to their family or nominated beneficiary should they die while working for your business. Group Death in Service insurance demonstrates to an employee that you care for your staff’s welfare and reassures them that they are indeed valued by your business. You can help offer a regular income to an employee’s dependents, based upon a percentage of an employee’s salary; usually between 2 and 4 times their annual salary. Benefits Although it is not mandatory in the UK, it’s usually the first benefit companies look to offer to their employees. Research by the Chartered Institute of Professional Development (CIPD) revealed that 54% of people seeking a new job cite better pay/benefits as the main reason for moving jobs. As well as demonstrating loyalty to your staff, there are still a number of benefits for employers when adopting Group Death in Service insurance. These can be: Helping attract and retain staff. Pays out no matter where the death occurs; on the job, at home or overseas. Employers can contribute invaluable financial support to beneficiaries. One of the cheapest group insurance policies to implement. Can be structured with premium rates to represent a low percentage of payroll. Premiums are usually allowable as a business expense. Features can be put in place to reflect employer’s requirements. To find out more and to discuss your needs, please contact us on 01274 515 747 or email us at mail@lwood.co.uk Request a callback Send us your details and we'll be in touch. First Name Last Name Phone Number Email Postcode CAPTCHA Cashplans CashplansIn House ClaimsBespoke Insurance SolutionsRisk ManagementExpertAdviceA more cost-effective way of looking after everyday health costs are health cash plans, which offer cash payments for a variety of health care needs such as dental and optical fees. We have access to LEARN MORE Group Income Protection Group Income ProtectionIn House ClaimsBespoke Insurance SolutionsRisk ManagementExpertAdviceIf you are worried about employees and colleagues being absent from work due to long-term illness or injury, then a Group Income Protection policy will be able to assist you. A Group Income LEARN MORE SIGNUP TO THE L WOOD NEWSLETTER TO RECEIVE TIPS, GUIDANCE AND NEWS. Email* For further details on how your data is used and stored, read our Privacy Policy CAPTCHA About Claims News Contact Pay Online © 2021 L Wood & Co Ltd Insurance Brokers. All Rights Reserved. Registration number 306091. Authorised & Regulated by the FCA - https://register.fca.org.uk/s Terms of Business | Privacy Policy | | We use cookies to track your use on our website. This enables us to learn more about how you use the site and track any patterns. This helps us to develop and improve our website for yourself and other users, as well as guide us on improvements to products and/or services in response to what you might need or want. Cookie Policy Cookie settings ACCEPT