It can be generally said that most business leaders favour their staff over physical assets. Resultantly, if an important member of your team was no longer able to work due to illness, would your business be equipped to offer them financial support during this time? Do you have strategies in place to ensure a quick return to work? If not, have you thought about the consequences on your staff and business?
Certain schemes exist which can financially support your staff during periods of illness. For example, replacement income which may be payable long term if necessary.
As an employer, you may recognise the importance of this employee benefit, but may also be put off by the extra costs which you might assume could be high. However, protecting your staff from the financial strain caused through illness is probably more affordable than you originally thought.