Importance of employee insurance for business

In today's business environment, where competition is increasingly fierce and attracting and retaining talent has become a major challenge, employee insurance plays a critical role in a company's success. It is no longer just an additional benefit - it has become a strategic tool that contributes to the sustainable development and competitiveness of the organization.

In Georgia's business sector, where health care costs are increasing, and state insurance cannot cover all needs, corporate insurance packages are of particular importance. They not only protect employees from financial risks, but also help companies to optimally position themselves in the labor market and increase their chances of attracting the best personnel.

Are you wondering why employee insurance is not just an additional expense, but a strategic investment? We will talk about the importance of this issue in detail in the blog.

Health insurance - employee health as a priority

In today's world, where health care costs are constantly rising, health insurance has become not only a desirable, but a necessary benefit for employees, which can be crucial when choosing a place of employment.

Health insurance is a complex product that covers a wide range of medical services. It includes both routine medical examinations and preventive procedures, as well as treatment of serious diseases. Modern insurance packages often offer more complex coverage that provides comprehensive employee protection. One such innovative product is Critical Illness, Life and Disability Insurance, which allows employers to provide financial protection to employees in critical situations.

Critical Illness Cover

Critical illness coverage is an important component of health insurance. Provides lump sum payment in case of serious diseases or conditions like cancer, heart attack etc. Such financial assistance allows the insured to cover the costs of treatment, receive the best medical services and, instead of trying to mobilize financial resources, concentrate on recovery.

Life insurance

The life insurance component involves the financial provision of the family in the event of the insured's death and helps the family maintain financial stability. Coverage is especially important for employees who are the primary breadwinners.

Limitation of working capacity

Disability insurance is an important guarantee of financial security for employees. Coverage is activated when an accident or serious illness causes partial or total loss of a person's ability to work. Insurance provides regular financial assistance that helps the victim and his family maintain their previous quality of life.

Compulsory accident insurance

Since 2019, mandatory accident insurance has been implemented in Georgia - a financial protection mechanism provided by law, which aims to increase the safety of employees and protect their financial interests if they become victims of an accident while performing work.

The insurance provides financial compensation in case of temporary or permanent incapacity for work as a result of workplace accidents and reimburses medical expenses. For example, imagine a situation: a worker at a construction site fell from a ladder and broke his leg. In this case, the insurance will cover medical expenses and will pay compensation during the period of temporary incapacity.

It is important to note that this type of insurance is mandatory for all companies that employ employees in high-risk environments. Protects both the employee and the employer from unexpected financial expenses. In addition, this insurance increases employee satisfaction and a sense of security, which improves the work environment.

Benefits of Employee Insurance: How does the business and your employee benefit?

Employee insurance offers significant benefits to both the company and the employees. Consider the main advantages for both parties:

For the company:

• Increased productivity: Insured employees are more motivated, feel more secure, and are less likely to miss work due to health issues, which increases overall productivity.
• Employee Retention: A good insurance package reduces staff turnover, which saves on the costs of recruiting and training new employees.
• Competitive advantage: An attractive insurance package helps the company to attract and retain highly qualified personnel.
• Improved corporate image: Caring for employees has a positive impact on the company's reputation both internally and externally.
• Financial stability: insurance protects the company from unexpected large medical expenses that can arise in the event of serious health problems of employees.

For employees:

• Financial Security: Insurance protects employees from unexpected medical expenses, reducing financial stress.
• Better health management: Access to regular medical checkups and preventive procedures helps employees better manage their health.
• Peace of mind: Knowing you are protected in case of health problems reduces stress and improves general well-being.
• Family protection: Corporate insurance packages often cover not only employees but also their family members, which is an added incentive.
• Career satisfaction: Employees who feel their company cares about their well-being are more satisfied with their jobs and more motivated to keep their jobs instead of looking for a new one.

How to insure an employee?

"Aldagi" ensures that insuring your team is as simple a process as possible. First, visit our website and look for the Employee Insurance section. Familiarize yourself with the proposed packages and, if necessary, contact a consultant for additional information.

When you're ready, fill out a short online form with your and your company's details - name/surname, contact information, company's annual turnover. An "Aldagi" representative will contact you shortly with a personalized offer. If you reach an agreement, you will sign a contract.

After purchasing an insurance package, be sure to inform your employees about the new benefit. Explain to them the details of the coverage and how to use the service.

The process is simple and affordable. Although it requires some time and attention, the result - healthy, satisfied and productive employees - far outweighs the resources spent. "Aldagi" employee insurance is the right investment that contributes to both business success and employee well-being.