Simply Staff Cover gives financial security to small business employees
Life, disability and family funeral cover in a quick, simple and cost-effective package
By: Simply Financial Service
Anthony Miller, CEO of Simply Financial Services, explains, "Covid has caused unprecedented hardships for families through unemployment, financial stress and the real threat of disease. At the same time, the pandemic reminded responsible employers that they play a pivotal role in their employees' lives.
Responsible businesses understand that people are more than just workers. In particular, there are very real financial risks for employees and their families if they become disabled and can no longer work or if they, or any of their loved ones, pass away." he adds.
Simply Staff Cover addresses these specific concerns by offering employers three benefits – life, occupational disability and family funeral cover - for their employees in a single policy at affordable rates. During the pandemic, Simply has seen a significant increase in the demand for these products, particularly from owners of small and medium businesses. This trend is expected to continue.
"In the small business environment, it's in the business owner's interest to pay a small monthly premium and avoid potential difficulties later if an employee or one of their family members dies and an unexpected contribution towards funeral costs is required," says Miller.
Premiums for Simply Staff Cover start from R89 per month for all employees and prices are generally lower than employers expect. For example, if you run an admin business, you could get R10k of funeral cover for 7 employees (average age 30 years old) for R17 per person, so a total of R119pm for all employees. It takes just 10 seconds to get a quick price estimate on the Simply website.
Simply Staff Cover provides:
Through products like Simply Staff Cover a whole new layer of financial security for employees and their families can be added quickly, easily and at little extra cost. Experience across the world has shown that where an employer invests in the security of an employee, the returns in terms of loyalty and productivity far outweigh the costs," Miller concludes.
For more information go to www.simply.co.za/