Life cover provides financial protection for employees and their nominated beneficiaries in the event of death, subject to the applicable policy terms and conditions.

Labour Quest assists businesses with access to employee life-cover solutions that can form part of an employee benefits package.

Risk of not providing appropriate cover:
Where employees expect benefits that have not been properly arranged or communicated, disputes and employee dissatisfaction can arise. Employers should also ensure that benefit arrangements and policy terms are clearly communicated and properly administered.

Medical scheme benefits can form an important part of an employee benefits package and may assist employees and their families with access to healthcare.

Labour Quest assists businesses with medical scheme solutions appropriate to their employee benefit requirements.

Risk of poor administration:
Incorrect deductions, enrolment errors or poor communication regarding benefits can result in financial disputes, employee dissatisfaction and unexpected liabilities.

Funeral benefits provide financial assistance to qualifying beneficiaries following the death of an employee or covered family member, subject to the relevant policy terms.

Labour Quest assists businesses with funeral benefit solutions as part of an employee benefits offering.

Risk of poor administration:
Incorrect enrolment, deductions or beneficiary information can result in claims being delayed or rejected and can create significant employee relations problems during sensitive circumstances.

Risk insurance and investment solutions can assist businesses and individuals with managing financial risks and planning for longer-term financial needs.

Labour Quest can assist clients in accessing appropriate solutions based on their individual or business requirements and the applicable product terms.

Risk of inadequate planning:
Failure to properly assess financial risks can leave businesses or individuals exposed to significant financial losses following unexpected events. Incorrect or insufficient cover can also result in gaps between expected and actual protection.

Financial planning for your businesses is important to make informed decisions about financial protection, investments, retirement for employees and longer-term financial objectives.

Labour Quest assists employers with access to financial planning solutions suited to their circumstances and objectives.

Risk of inadequate financial planning:
Without appropriate financial planning, businesses may be exposed to avoidable financial risks, inadequate protection and insufficient preparation for future financial needs.