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Business health insurance: is it worthwhile?

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Business health insurance is seen as a luxury for only large businesses in the UK, but this doesn’t have to be the case. In this article, we will look into the benefits of having a business health insurance plan, and most importantly, whether it’s something you should think about exploring. First, we’ll explain what a business health insurance policy does.


What is business health insurance?

Business health insurance is paid by the employer, and allows employees to go to private facilities to receive medical treatment. This essentially acts as a ‘queue jump’, and means employees can be seen when they’re in need- increasing employee morale, and also reducing sick time-off. 

A generic workplace medical insurance policy will usually cover treatment like:

  • Scans/ tests
  • Doctor’s visits
  • Surgery (excluding cosmetic, and for chronic and pre-existing conditions)
  • Physical therapy
  • Expensive drugs not available on the NHS
  • Alternative therapies (acupuncture etc)
  • Overnight and long-term hospital stays


Different plans can also cover:

  • Mental health treatment
  • Dental and optical treatment
  • Cover for family members of employees


Business health insurance benefits

While coverage for all employees can drive up business outgoings, it can be a seriously worthwhile investment. While cost is the only negative, here are the positives:

  • This is a huge employee benefit, which will make your staff feel more loved, and help to retain staff in the future.
  • It is a highly sought-after advantage of working for you, that can convince higher-skilled workers to take your vacancy over another company’s.
  • Some providers utilise 24/7 patient support lines, which will help employees have more peace of mind. This can increase productivity.
  • Staff will be able to return to work faster after illness, giving you a stronger workforce.
  • Cheaper options are available, so even companies on a tighter budget can boast these benefits.
  • This provides an overall boost to your workplace environment, as a happy and healthy workforce has less reasons to be stressed or frustrated.
  • This can even lead to employees taking advice from doctors on things like diet and exercise, helping the immune system and brain function of your team.


What types of plans are there?

The size and type of business you run is the deciding factor in what policy you can sign up for. This varies from self-employed individuals to large corporate plans. Generally speaking, larger plans should be more generic as they cover a wide range of staff, while self-employed workers can create a more bespoke plan for their own needs. Providers mostly offer special policies for the types of businesses listed below:

  • Self-employed
  • Small to medium-sized enterprise (SME)
  • Large businesses (250+ employees)


As these are all hugely different scenarios, and there are a lot of variables within each policy, prices usually have to be drawn up on a case-by-case basis. Luckily, we here at Business Cost Comparison have you covered.

To find out how much business health insurance will set you back, you can get a free no-obligation quote from us using the following steps:

Provide some of your requirements and business details using our quick online form (button below).

We will then automatically match you with a verified partner suited specifically to your needs.

Confirm and we’ll take care of the rest. One of our matched partners will be in touch with a quote and expert advice.

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