The Miles Smith Insurance Group, through its Lloyd’s broker Miles Smith London Market Broking, has rolled out a new risk management product on the Acturis platform.
Called the Miles Smith “Early Intervention Scheme” (EIS), the Aviva-underwritten product provides access to treatment for workers unable to report because of physical injury, stress, depression, or anxiety. The goal is to facilitate speedy recovery and a return to work.
For £15 per person per annum – plus Insurance Premium Tax and including 20% commission – EIS can be purchased on its own or as an add-on to more than 30 products on Acturis. Miles Smith said the risk management offering will afford clients not only savings but also business disruption reduction and a means to manage employers’ liability claims costs.
The 24/7 cover does not require GP referral, and support is available either after three consecutive days of absence or immediately following a motor accident.
“Employee absence is an area of risk management often overlooked by many brokers and under-utilised by businesses throughout the UK,” commented chief sales officer Sharon Brown. “At Miles Smith, we understand the adverse impact that this can have on your client’s business, not only the lost opportunity to mitigate claims but more importantly in helping to reduce the cost of employee absence.”
Brokers with an active agency with Miles Smith will automatically see the now live EIS on Acturis.
