Knowing that your employees have a safe and stable home environment to return to at the end of a busy work day isn’t just important for them, but as their employer, it gives you peace of mind.
Peace of mind that your teams can focus on their work during the appropriate hours, giving them plenty of time to switch off, relax, and return to work the next day feeling refreshed and ready to take on their next set of challenges. Interestingly, one of the easiest and most effective ways for employees to create a safe and stable home life is to take out home insurance cover.
Home insurance is a policy that financially protects the homeowner in the event of damage occurring to their property. This type of building cover means that should a property become damaged due to storms, floods, or fire, then the insurance company will essentially pay for the repairs and your employees won’t have to scramble to find the money or the professionals to help them.
Additionally, contents insurance means that in the event of theft or damage to personal belongings such as electricals, jewelry, etc, the cost of replacing them is also taken care of. Employees can easily compare home insurance quotes online to help them find the best possible price for their premiums, giving them the right cover for the right price.
But why should employers actively encourage their employees to take out home insurance? Let’s take a closer look at some of the reasons.
Financial Stability
When employees have financial stability at home, then it not only impacts their personal life and personal happiness but also their professional life too. Home insurance can help people maintain financial stability which in turn means fewer distractions at work and less stress.
Peace of Mind
When employees know that their homes and their belongings are protected it gives them peace of mind, that even if the worst occurs, they’re covered financially. It’s this peace of mind that gives individuals better focus and makes them feel happier!
Employee Retention
If you’re viewed as a business that gives financial advice and guidance on issues such as insurance then this can go a long way in retaining employees and also attracting new ones to your business. If your employees can actively see that you care about them then you’re going to retain and attract top industry talent.
Less Time Off Work
From burst pipes and storm damage to vandalism and even theft, when these terrible things occur it also means urgent and even prolonged time off work to sort these issues out. But when home insurance is in place, your employees will be able to recover much faster from these events meaning less time off work.
Final Thoughts…
As an employer, it’s your responsibility to look after your employees and keep their best interests at heart. It’s not only a good thing to do but also works in favour of your business in terms of employee retention, fewer absences, and a better working environment for everyone.
