Inspire Autumn 2019
The latest health and wellbeing news from Towergate Health & Protection
Welcome to the latest edition of Inspire, our quarterly newsletter, designed to keep you informed about the issues that could be relevant to your business.
In this edition we look at the importance of communicating your employee benefit schemes to your teams. Please visit us at stand C33 at Employee Benefit Live 2019 in London (October 1 – 2) if you’d like to talk about employee benefits with one of our advisers.
You can also read about how to protect your business if one of the owners passes away; how important it is to know your blood pressure; and a report on rising deaths from heart and circulatory disease.
With more and more companies offering employee benefit schemes, including private medical insurance and other wellbeing programmes, it’s more important than ever that companies also build in a plan to communicate these benefits effectively to people.
Research shows that failing to tell employees about all the healthcare schemes they are entitled to can lead to an increase in sickness absence and turnover, costing a company with 1,000 employees an average of £470,000 annually – that’s a UK-wide cost of £2.7 billion per year1.
The death of your business partner or main shareholder isn’t something you want to think about, however, from a business perspective, it’s important to understand the implications and the risks if the worst should happen.
Without protection, when a shareholder dies, the shares will automatically pass to their family. This means a family member becomes involved with a business they know nothing about and you can end up with a very reluctant shareholder.
When was the last time you had your blood pressure tested? Most of us take it for granted that our blood pressure is fine but the problem with that is high blood pressure or other conditions come with no symptoms at all. So, unless you know your numbers, you could be putting yourself at risk.
High blood pressure can cause a stroke or heart attack but has no symptoms so it’s always good to get your blood pressure checked regularly and because of this 9 – 15 September has been declared as Know Your Numbers! week.
New health statistics released have revealed a worrying rise in the number of people who are dying from heart or circulatory diseases, before they are 75. It is the first time in fifty years that this number has seen an increase.
The national health statistics showed there has been an increase in deaths since 2014 when there were 41,042 deaths from these conditions, compared with 42,384 deaths under the age of 75 in 2017 (the latest figures).