Maternity leave advice for employers and businesses statutory maternity leave and paternity leave protection for employers in respect of their employees legal rights to statutory maternity pay (SMP).
Both large and small businesses have legal obligations when members of staff become pregnant. The right to maternity leave is given to an expectant mother, but there is little protection for the business itself, until now.
The TLC Business Maternity Insurance policy is designed to help protect a company from the costs of hiring temporary replacement staff during employee’s Statutory Maternity Leave.
A level of benefit can be selected for each female member of staff aged between 17 and 60 to relate to the anticipated cost of replacement staff during a period of statutory maternity leave. This can often be well in excess of the wages paid to the employee, as we acknowledge that hiring temporary staff can be an expensive exercise.
In addition to providing the business with insurance protection in respect of the cost of maternity leave, the insurance policy also offers fixed benefits payable in respect of paternity leave for male members of staff.
If you feel your business is at risk from unpredictable staffing costs due to your members of staff becoming pregnant, call us now for an instant quotation, or complete the online enquiry form (coming soon) and submit it to us.
Please not that this product is only suitable for companies involved in non-manual work. Manual (non office based) work cannot be covered by this product.
About the insurer
This policy is arranged through Guard Underwriting and underwritten by Ecclesiastical Insurance, one of the most financially secure insurance companies in the UK. Established in 1887 and with assets of over £971 million, Ecclesiastical are owned by a charity and so are not subject to hostile takeovers or mergers. In 10 years their parent company have donated over £30 million to charitable causes.
In their most recent claims satisfaction survey, 96% of their customers stated that they were satisfied with the overall claims service.
