Sick of the problem?
The most recent statistics from the Office for National Statistics (ONS) show that in any one year, more than 130m days are lost because of sickness absence in the UK, and last year just over two million 16-64 year olds were long term sick.
Financial Support
In January this year Group Risk Development (GRiD) published research that showed that 23 per cent of employees wouldn’t be able to financially support their families if they were off sick for six months or more. They supported this saying that “Given that average household spend is £517 a week, and savings are at just £20.80 a month, this highlights the importance of protecting income against long term absence from work rather than relying on cutting back on daily spending.” The Association of British Insurers (ABI) published statistics, at the end of last month, which they suggested showed that insurance plays a vital role in helping people cope with financially adverse situations brought about by such issues as serious illness; “making a real difference to people’s lives at some of the most difficult of times.”
Last year, Dentists’ Provident paid benefits to their member dentists of over £4.5m for days lost to illness or injury.
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