Benefits package for members
The Welplan and Welplan Plus schemes administered by B&ES subsidiary Welplan Ltd provide members with a customisable package of cost-effective death, disability, accident and sickness benefits, as well as holiday pay, to employees.
Signing up to Welplan or Welplan Plus leads to a significant reduction in the membership subscription. And, for the holiday pay module,is included because no National Insurance contributions are payable on holiday pay provided through Welplan, a further £12.80 is saved for every £100 paid out.
Welplan also allows B&ES members access to occupational and stakeholder pension schemes, private medical insurance and health screening.
Contractor liability insurance
A contractor liability insurance scheme is available to B&ES members on an exclusive basis.The scheme – entitled B&ES Unique – has been developed jointly by B&ES subsidiary Welplan and Oval Insurance Broking Ltd, and currently provides cover for:
public and product liability;
financial loss;
excess public/product liability;
professional indemnity;
directors' and officers' liability;
property insurance;
business interruption;
contractors/engineering all risk;
goods in transit;
legal expenses.
Other standard covers will be introduced over time, and terms for more specialised areas – including performance bonds – are available on request. Key to the scheme is the recognition that the Association's independent member inspection and assessment regime provides an increased level of risk management that is attractive to insurance underwriters – and can therefore deliver significant savings on premiums.
As part of the B&ES Unique development process, Oval carried out an extensive research and benchmarking exercise, with the result that the scheme has been designed specifically to address the concerns and requirements of B&ES member companies.
These include: reduced premiums; a single policy covering all risks; adjustable limits, so reducing the need for excess layers;removal of standard restrictions, including work at height and application of heat; access to a panel of specialist insurers; direct contact with a broker who understands the industry.
For more information contact: Bruce Kirton 01768 860410 or email Welplan.
