In today’s competitive environment, attracting and retaining top talent means more than offering a salary. Employees are seeking workplaces that provide security, wellbeing, and genuine care. One of the most effective ways employers can deliver on this is by offering Employer Group Insurance.
At Covermate Life, we specialise in designing flexible, tax-efficient group insurance policies that protect both your employees and your business. From life insurance and income protection through to trauma and total & permanent disability (TPD) cover, we create tailored packages to give your workforce peace of mind while strengthening your value as an employer.
Why Employer Group Insurance Matters
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Attract & Retain Talent
Candidates compare benefits when choosing a workplace. A robust group insurance package positions your company as an employer of choice. -
Enhance Employee Wellbeing
Insurance cover provides staff with reassurance that they and their families are protected against life’s uncertainties. -
Business Protection
A healthier, more secure workforce means greater productivity, lower absenteeism, and improved workplace culture. -
Cost-Effective Coverage
Group policies typically deliver broader coverage at lower premiums compared to individual policies, giving employees more value at less cost.
What’s Included in Employer Group Insurance?
Covermate Life works with businesses of all sizes to structure group cover that aligns with industry needs, budget, and workforce demographics. Common inclusions are:
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Group Life Insurance – lump-sum benefit to an employee’s family in the event of death.
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Total & Permanent Disability (TPD) Cover – protection if an employee can’t work again due to illness or injury.
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Group Income Protection – regular payments if staff are unable to work due to illness or accident.
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Trauma Insurance – a lump-sum payment for critical illnesses such as cancer, stroke, or heart attack.
Why Choose Covermate Life?
✔ Expertise in Group Solutions – Our advisors understand the complexities of employer group benefits and structure policies that balance affordability with strong protection.
✔ Tailored to Your Workforce – We analyse demographics, roles, and risks to design a plan that suits your business and employees.
✔ Tax-Effective Structures – Many employer contributions to group insurance may be tax deductible, delivering additional financial benefits.
✔ End-to-End Service – From policy design and staff onboarding to claims support, we manage the process so you can focus on running your business.
How Employer Group Insurance Benefits Employers
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Reduces staff turnover and recruitment costs
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Boosts morale and employee loyalty
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Provides competitive edge in recruitment
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Supports corporate social responsibility goals
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Demonstrates genuine care for employees and their families
Getting Started
At Covermate Life, we make implementing employer group insurance simple. Whether you’re a small business looking to offer staff benefits for the first time or a large organisation seeking a better solution, we’ll guide you through every step.
Call us today to discuss how employer group insurance can support your team and protect your business future.
FAQs on Employer Group Insurance
Q: How many employees do I need for a group insurance policy?
A: Most insurers require a minimum number of employees, typically between 5–10, but Covermate Life can help design flexible solutions for smaller businesses.
Q: Is group insurance tax deductible for employers?
A: Yes, in many cases employer-paid premiums may be deductible as a business expense. Always confirm with your accountant.
Q: Do employees need medical checks for cover?
A: Generally, group insurance policies provide automatic acceptance up to certain limits, meaning no medical checks are required for most staff.
Q: Can employees top up their cover?
A: Yes, many group plans allow employees to increase their coverage at their own cost if they want additional protection.
Q: What industries benefit most from employer group insurance?
A: While it’s valuable for all sectors, industries with higher competition for talent—such as finance, tech, healthcare, and professional services—see particular benefits.