In today’s fast-paced and demanding professional landscape, personal assistants play a crucial role in ensuring the smooth operation of their employers’ lives. Whether managing schedules, coordinating events, or handling sensitive information, you are indispensable. Given the significant responsibilities you bear, it is essential that you have access to comprehensive insurance coverage. This is where we can step in by offering you decades of experience coupled with a tailored solution that not only protects you but can also cater to the unique needs of your high net worth clients. We know the unforgiving hours you can often find yourselves working too, and that your own personal needs often get put to one side, which is why we are happy to offer out of hours assistance should you need it.
Health Insurance for Personal Assistants
One of the primary benefits we can provide to personal assistants is health insurance. Navigating the myriad of health insurance options can be overwhelming and time consuming, but we simplify this process by:
- Assessing Individual Needs: We will evaluate your specific health needs and preferences to recommend the most suitable plans.
- Comparing Plans: We will compare policies from various insurers to find the best coverage options at competitive prices.
- Navigating Complexities: We can explain the intricacies of different plans, including coverage limits, premiums, deductibles, and network restrictions, ensuring personal assistants make informed decisions.
- Ongoing Support: We know how hard you work and the long hours you often find yourself working so we offer continued assistance in managing and updating the policy as your needs change over time.
Life Insurance for Long-Term Security
Life insurance is another crucial product that we can help you secure. This type of insurance ensures financial protection for your dependents in the event of untimely death. Our role includes:
- Tailored Coverage: Identifying the appropriate level of coverage based on your personal financial obligations and long-term goals.
- Policy Selection: Guiding you through different types of life insurance, such as term life, whole life, or universal life, to choose the best fit.
- Beneficiary Designation: Assisting in the designation of beneficiaries to ensure the policy benefits are distributed according to your wishes.
Income Protection Insurance
Income protection insurance is vital where your livelihood depend on your ability to work. This insurance provides a safety net if you are unable to work due to illness or injury. We can assist by:
- Customised Plans: Evaluating your income and employment terms to recommend the most suitable income protection plan.
- Coverage Terms: Explaining the terms and conditions, including the waiting period, benefit period, and the proportion of income covered.
- Claims Assistance: Offering support during the claims process to ensure a smooth and timely payout if the need arises.
High Net Worth Client Services: Personal and Business Protection
We know your clients are often high net worth individuals who have unique and complex insurance needs. We can play a critical role in helping you manage these clients by offering:
Personal Protection
- Life insurance: High net worth individual’s assets are often changing which makes it crucial to consider an appropriate level of coverage based on their personal financial obligations and long-term goals. It’s also as important to re-evaluate any existing cover in place every few years to ensure no shortfall in cover.
- Income Protection: High Net Worth individuals often have numerous people (be it family members or employees) relying on their ability to work and bring in a significant income. If they were to fall ill and find themselves unable to work, it could have a knock-on effect to not just their family but employees such as house keepers, nannies and drivers. Income protection would provide a financial safety net to ensure assets or savings don’t need to be used should they become unable to work due to illness or injury.
- Critical Illness Cover (CIC): Here the proceeds of any payout could be used to pay off a loan, help cover medical expenses or supplement your client’s income should they need to take time off work due to an illness. Cover for their children could also be added to the policy. Here, monies received could be used to help cover costs of taking time out of work to care for the unwell child or used to cover travel and accommodation costs for the parents should the child need to be treated at a specialist hospital away from home.
- Personal Medical Insurance: as with your own policy, we can assess your client’s specific health needs and preferences, considering all options available and tailoring a plan that’s right for them. We can also explain the finer details and workings of the policy and provide ongoing support should this be needed.
Business Protection
- Key Person Insurance: Protecting businesses from financial losses caused by the death or incapacitation of essential personnel.
- Share holder protection Taken out by the shareholders of a business. If a shareholder dies, or becomes critically ill, the plan ensures that funds are made available for the other business owners. They can then use the funds to purchase the business interest of the deceased/ill individual or employ someone else to assist in their absence. It provides an important safety net that allows companies to plan ahead should the worst happen
- Corporate Health Plans: Designing group health insurance plans that attract and retain top talent within their businesses.
- Employee benefits: Providing Life, Critical Illness Cover (CIC) and/or Income Protection for employees can have a profound effect on the employee’s peace of mind, and therefore their overall performance and feeling of appreciation.
- Wellbeing expenses / Cash Plans: A Cash plan enables the employee to claim money back towards the cost of essential medical care. They cover optical and dental bills, chiropody, therapy treatments, homoeopathy, same day surgery plus much more. These plans ensure employees tend to any minor medical concerns before they become major. Therefore, ensuring they are present and focused when at work.
Travel Insurance for personal assistants and their clients
If you or your client travels regularly for work, travel insurance is essential. We can:
- Coverage Options: Offer plans that cover trip cancellations, medical emergencies, lost luggage, and other travel-related issues.
- Global Reach: Ensure that the insurance provides global coverage, reflecting the international nature of your work.
- Business Travel: Provide specialised business travel insurance that includes coverage for work-related equipment and documents.
By providing expert guidance and tailored insurance solutions, we can ensure that not only are you and your family well protected, but your clients’ unique needs are meticulously met too. From health and life insurance to income protection and comprehensive coverage for personal and business assets, we offer peace of mind and financial security in an increasingly complex world.
