Group Salary Continuance Insurance

As the marketplace gets tougher how long could you pay double wages? As an employer could you continue to pay the salaries of employees absent for extended periods through sickness or injury?  Plus their ongoing replacement costs? As an employee would you be happy to be told your income will soon come to a grinding halt?  Or you no longer have a job to go back to? Whichever side of the fence you’re on, you can understand why Group Salary Continuance insurance is playing an ever-increasing role in today’s nervous workplace.     Group income protection premiums are normally less than 1% of payroll.  Fully tax deductible.  Yet provide up to 75% of an insured employee’s salary.  What’s more, group insurance payments do not attract fringe benefits tax. A group risk insurance scheme provides numerous advantages for your business.  For instance, skilled – sometimes irreplaceable employees - have the comfort of knowing they will continue to enjoy income protection should they suffer an extended illness.  Or have an out-of-work accident.  For better … for worse … the manner in which such unfortunate and unforeseeable situations are handled invariably affects company morale. By paying pre-determined annual ‘group risk insurance’ premiums your company is better able to budget more precisely for extended sick leave costs.   Added to that, as all income protection insurance claims are determined by professional assessors, this means you and your management will not be confronted with the morally difficult decisions of continuing to support genuinelly sick or injured employees. Highland Financial consultants have the experience and expertise to provide group insurance plans tailored specifically to your needs.  In fact, Highland’s customer promise is to provide ‘the widest selection of the right products, at the most cost effective price’. Highland are in the business of reducing company risk. According to recent research, around 70% of people in the workforce have no income protection whatsoever. What is your company policy when any of your key staff are unable to work for extended periods due to serious accident or injury? Is your policy in writing? In essence, Highland Financial is able to provide income protection insurance with income benefit equal to 75% of your employees’ salary packages, either indexed or non-indexed.   After a short qualifying period, salary continuance payments can be arranged over specified time periods, or up to age 65. Typically, these plans offer 24/7 coverage for you, the employer, and your employees. Factors that determine price of group salary continuance insurance include:  age, sex, occupation, level of benefit, qualifying period, benefit period, number of employees.  These variables, some of which are optional, allow for a degree of price control. Highland Financial specialises in assessing and arranging economical coverage of business risks.   We consult.  Analyse.  Then provide the most effective group risk and income protection insurance to meet your particular situation. To arrange an obligation-free consultation, please call Highland Financial on 07 3010 9290 or email  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it