Helping clients review their employee benefit offering

As part of the market review process, we engage with our clients regarding their business operating practices and any changes that have occurred since the last review.

During an initial review for a client, it came to light that although they had low levels of employees undertaking overseas travel, they did have an annual incentive for sales staff which resulted in an overseas group trip for successful employees. At the time of negotiating terms for cover with the holding insurer, we were surprised to see that whilst the main event limit for the Scheme was more than adequate, the travel event limit offered was inadequate and would not have covered the group of employees travelling overseas as a result of the sales incentive.

As a result of the above, we were able to work with the holding insurer to ensure that an adequate travel event limit was put in place, while the full market review was completed.