Case Study: How group IP can be affordable for SMEs

The policy was initially introduced to ensure continuity of coverage for two staff who set up the company and wanted to mirror benefits from their previous employer. Kerr Henderson selected insurer Ellipse which was able to offer a premium of just £20 per year for the initial two-person scheme with a benefit of 50% of salary payable after 26 weeks absence from work for up to 5 years. Two other members of staff have now already joined the company and will also benefit from this cover. The company believes this dispels the myth that GIP is an expensive benefit for the lucky few in larg...