Inspire spring 2020
The latest 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 latest on Coronavirus, as well as other health and wellbeing issues which could impact your business and employees in the next decade.
You can also read about the impact of the new hard insurance market, why employers should look after their staff’s health and the impact of financial stress in the workplace.
Coronavirus hitting the headlines at the very start of this decade has brought global health issues to the forefront and with the World Health Organisation warning that cancer cases could rise by 60% in the next 20 years1, is this set to be the unhealthiest decade ever?
According to a report from the Department for Health, obesity is on the increase with only a third of adults now a healthy weight. Since 1993, rates of adult obesity have almost doubled (to 29%), and morbid obesity has quadrupled (to 4%).
With Coronavirus officially declared a pandemic by the World Health Organisation, and the government’s emergency committee meeting again yesterday, it’s important that businesses have contingency plans in place to protect their staff and their company.
The country is now in phase two of a four-phase plan, which is to delay the disease spread. The second phase advises anyone with a "new, continuous" cough or high temperature to self-isolate for seven days, as the number of infections in the UK are expected to reach their peak very soon. The latest advice and information is available from the NHS.
When it comes to the impact of stress and mental ill health at work, the figures are staggering, with a sixth of workers experiencing a mental health problem at any one time, and stress, anxiety and depression the reasons for almost half the working days lost in Britain1.
But is it up to the employer to support wellbeing in the workplace, or should staff take responsibility for themselves? Towergate Health & Protection has developed a white paper exploring this subject in depth, which can be read in full here.
While many people have money worries, what happens when people are so strapped for cash that they can’t even face going into work because of the stress they are under dealing with their debt issues?
Although many companies don’t offer any support directly for financial issues, some do offer employee assistance programmes which can provide online or telephone counselling and advice for debt issues and is a service which could be of great help.
When choosing your general insurance policies, it can be tempting to do it yourself and just opt for the cheapest. However, the general insurance market is changing, so it pays to use an expert broker to review the market for you and come up with the best solutions for your budget.
The general insurance market has been “soft” since 2002, meaning low premiums, wide coverage and a far more relaxed underwriting environment.