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Corporate Protection for UK Employers

Protecting your people and your business against the financial impact of the unexpected.

Comprehensive protection advice

Expert guidance across group life, income protection, critical illness, business protection and more, tailored to your people.

Attract and retain great people

Offer valuable protection benefits that provide financial security, peace of mind and support for your employees.

Protect the future of your business

Reduce the impact of unexpected events with corporate protection to reflect your organisation and budget.

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Group risk benefits are widely described as the foundation of any strong employee benefits package, and the reason is straightforward:

They protect people against events that are not rare, not predictable and not something most individuals or families can absorb financially without employer support.

At Omny Group, our specialist benefits consultants help employers design, set up and review corporate protection policies that work for their people and their budget.

We advise on the full suite of group and business protection products, from group life assurance and income protection to private medical insurance, loan protection, key person cover and shareholder protection.

Explore all our Corporate Protection services

We advise on the full range of group and business protection products. Below is a brief introduction to each of our services – get in touch to explore them in more detail.

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Group life assurance

If an employee dies while employed by you, the policy pays a tax-free lump sum, typically a multiple of salary, to their nominated beneficiaries. When written in trust, the payment is made outside the employee’s estate, meaning it is free of inheritance tax and reaches the family quickly without waiting for probate.

Group critical illness cover

Group critical illness cover pays a tax-free lump sum directly to the employee when they’re diagnosed with a covered condition. They can use it however they need: paying off a mortgage, funding treatment, or simply reducing the financial pressure of a diagnosis. Premiums are a benefit in kind, so employees pay income tax on the cost, though employers may choose to cover that too.

Income protection

If illness or injury prevents an employee from working long-term, this employer-sponsored benefit ensures a replacement income, helping them cover essential costs like mortgage payments, household bills, and childcare expenses. Beyond financial support, many policies also include rehabilitation services, enabling employees to recover effectively and return to work with confidence.

Private medical insurance (PMI)

For employers, PMI is one of the most visible and appreciated benefits in the package. It demonstrates genuine care for employee health in practical terms. As a group policy, it is typically far more cost-effective than individual cover, and premiums can be tailored to balance coverage levels within budget. PMI is treated as a taxable benefit in kind for employees, though employer premiums remain deductible against corporation tax.

Key person insurance

Key person insurance provides the business with a lump sum payment in the event of the death or serious illness of a named key individual, giving the business the financial resources to manage the transition: covering lost revenue, funding recruitment and training of a replacement, or servicing debt that depended on that individual’s contribution.

Shareholder protection insurance

Shareholder protection insurance, combined with a cross-option agreement and shareholder agreement, provides each shareholder with the funds to buy the shares of a deceased or critically ill colleague, ensuring that the business remains in the hands of those who run it and that the departing shareholder or their family receive a fair price.

Why is corporate protection so important to your people and business?

1 in 3 workers in the UK currently has a long-term health condition

That is approximately 10.3 million people. When one of those people works for you, the impact of their absence, on them, on their team and on your business, depends in large part on whether the right protection is in place.

The cost of long-term sick leave is increasing

Group income protection does not solely protect the employee. It protects the business from the financial and operational impact of prolonged absence, and the rehabilitation support included with most policies helps people return to work sooner and more sustainably.

2 in 5 UK households have less than £2,000 in savings

A serious illness diagnosis or an unexpected death leaves most families financially exposed within weeks. Group critical illness cover and group life assurance change that picture immediately, providing a lump sum that allows families to manage financial obligations without compounding an already devastating situation.

Built on relationships, driven by our experts.

At Omny Group, we believe great service starts with great relationships. Our people take the time to understand your business, becoming a trusted extension of your team. Whether we’re supporting you in reviewing your existing protection offering, advising on a new insurance policy, or assisting with other corporate protection needs, you’ll always have experienced, dedicated professionals who genuinely care about your success.

Learn more about us

Ian Beaumont

Group CEO

Angie Crush

Head of Employment Law

Mike Kealey

Managing Director, Omny HR

Amanda Menahem

Group HR Director & Head of Omny Performance

Chris Halloran

Group Finance Director

Jonelle Wilkin

Group Head of Operations

Lorraine Williams

Senior Legal Director

Paul Andrews

Director

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Looking to refresh your corporate protection offerings?

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Frequently asked questions

What other support services are included with Group Life Assurance?

Many Group Life policies offer additional benefits, such as:

  • Bereavement counselling
  • Mental health resources
  • Legal advice
  • Employee Assistance Programmes (EAPs)

These services not only provide immediate support in times of crisis but also contribute to your team’s ongoing wellbeing.

How does Group Income Protection differ from individual income protection?

While both offer income replacement during illness or injury, Group Income Protection is an employer-arranged policy, often making it more cost-effective than individual plans. Premiums are typically tax-deductible, and employees benefit from streamlined access without needing to apply individually.

What are the benefits of offering Critical Illness Cover as an employee benefit?

  • Financial Security: Immediate financial support during a critical health crisis.
  • Peace of Mind: Reduced stress and anxiety about financial burdens.
  • Employee Wellbeing: Demonstrates genuine care for your team’s health and financial security.
  • Talent Attraction & Retention: Strengthens your employee benefits package to attract and retain skilled professionals.

How do I determine the right level of cover for my key person(s)?

At Omny Benefits, we conduct a thorough assessment of your business to determine the financial impact of losing a key individual. This includes:

  • Evaluating their contribution to revenue and profitability
  • Assessing their role in client relationships
  • Calculating the cost of recruitment and training for their replacement

We’ll work with you to tailor the right level of cover, ensuring your business remains resilient and protected.

What are the benefits of Shareholder Protection for my business?

  • Control: Prevent shares from being transferred to unintended parties.
  • Stability: Protect against operational and financial disruption.
  • Succession Planning: Ensure a clear, legally defined ownership transfer process.
  • Peace of Mind: Provide reassurance for shareholders and their families.

What are group risk benefits?

Group risk benefits is the collective term for employer-arranged financial protection policies that pay out when an employee dies, becomes seriously ill, or is unable to work due to long-term sickness or injury. The core products are group life assurance (death in service), group income protection and group critical illness cover. These products form the foundation of most employee protection packages and are widely regarded as some of the most valued benefits an employer can provide, because they offer financial security at the moments when employees need it most.

What happens to an employee’s cover when they leave?

Most group risk policies provide cover only while an individual is an active employee. When someone leaves, their cover under the group policy ends. Some providers offer a conversion option, which allows a departing employee to convert their group cover to an individual policy without medical underwriting. This is a particularly valuable feature for employees with health conditions who may find individual cover difficult or expensive to obtain elsewhere. We advise on providers and policies that include conversion options where this is relevant to your workforce.

We already have some policies in place. Should we review them?

Absolutely. Policies that were set up several years ago may no longer reflect your current workforce size, salary levels or business structure. Cover levels that were appropriate when you had ten employees may be inadequate with fifty. The insurance market also changes, with providers regularly updating their product features, added value services and premium rates. An independent review compares what you have against current market alternatives, assesses whether your cover levels remain appropriate and identifies whether you are receiving fair value on your existing premiums. We provide a ‘no cost and no obligation’ review as part of our initial consultation process.