Nottingham’s largest insurance broker, Russell Scanlan has announced that it will be working in partnership with brand new health insurance plan, Equipsme, to provide businesses with medical cover for as little as £7 per month, per employee.
The company is one of just a handful of specially selected brokers in the UK to distribute this pioneering product, which champions simple and accessible health insurance for small and medium businesses.
Continued budget cuts and a growing demand for services are putting more strain on the NHS than ever before. As waiting times increase and access to specialist medical treatment becomes more and more difficult, people are starting to look for other ways to protect the health of themselves and their families. Unfortunately for them, traditional medical insurance may be out of reach – in fact, only 5 per cent of SMEs in the UK offer their employees Private Medical Insurance (PMI).
Equipsme is an innovative product, unlike anything else available on the market. Aimed at small and medium businesses who may have struggled to offer PMI to their employees, Equipsme provides healthcare cover for £7-£37 per month, a tiny fraction of the cost of BUPA or similar services. With the demand for better healthcare now making insurance one of the most attractive employee benefits, this option caters for businesses looking to secure the top talent in their industry.
Bryan Banbury, Managing Director at Russell Scanlan, said: “We’re delighted to be one of the few specially selected brokers to work with Equipsme to launch its new product. The service is simple, effective and the first of its kind, to supply an under-serviced market of almost 6 million SMEs in the UK. We believe it will revolutionise the way businesses see ‘private’ healthcare and help them to incentivise talented employees.”
Equipsme further broadens Russell Scanlan’s service offering, which already includes traditional PMI, high-net worth cover, specialist brewery insurance and tailored business insurance for all sectors. The service is now available to all of the company’s existing customers, with plans to attract new business over the coming months.
Once a business has signed up to Equipsme, its employees can upgrade their plans for £8-£12 per month and have the choice to pay to add their family to their cover. Russell Scanlan is one of just 30 insurance brokers from across the UK, chosen to work with Equipsme on this ground-breaking product.
Packages can include a wide selection of benefits from remote GP service and physio to diagnostic tests, hospital treatment and healthchecks depending on the level of cover, effectively filling the growing gap in the market for reliable healthcare. Optional extras include a stress support package, dental and optical cover.
Gavin Shay, Distribution Director at Equipsme, said: “We chose Russell Scanlan as our East Midlands broker for our product because of their reputation, not only in Nottingham but across the region, as trusted and reliable experts who go above and beyond for their customers. We’ve worked closely with the team to ensure our product is fully embedded in the way Russell Scanlan work – to strengthen existing relationships with customers and create new ones with interested parties.
“We’re confident Russell Scanlan will see some brilliant success with our product and we look forward to strengthening our relationship over the next two years to ensure that Nottingham businesses receive the very best healthcare help and support possible.”