Using group risk to manage mental health: The business case – Katharine Moxham

Katherine MoxhamA strong business case exists for utilising group risk services to manage mental health in the workplace, says Group Risk Development spokesperson Katharine Moxham

One in four people will be affected by mental ill-health at some stage in their lives, according to the World Health Organisation (WHO). It is one of the most common reasons for workplace absence: both short-term as well as long-term.

Employers may feel ill-equipped to deal with this issue but, when it has the potential to affect so many, it’s important they have support in place.

Help is available via group risk policies, which have many added-value benefits to help with managing mental health – particularly group income protection.

These can include mental health first aid training for line managers, fast track access to talking therapies, including Cognitive Behavioural Therapy (CBT), EAPs, bereavement counselling, absence and case-management and vocational rehabilitation.

If employers don’t know where to start when it comes to managing mental health in the workplace then group risk policies are a great first port of call.

These services can be used daily, even if a claim is never made. Furthermore, added-value group risk services are often available to the entire workforce and not just the workforce members who are insured under the policy. Looking at the overall value of the package rather than just focussing on the premium is key to effective use of budget.

11.5 million people were covered by a group risk policy in the UK in 2015 against financial loss through illness, injury, death or disability – almost 310,000 more people than in 2014. 2.1 million of those were covered by group income protection – and 50 per cent of employers utilise the added-value inherent benefits.

We are very pleased to see that employers are extending this protection to more people and that many are using the extra support but I think we can do better. The first step is for employers to look again at the policies they have. The chances are they could find there is something that they could make better use of, as a wealth of support is available at no extra cost that can offer great help across many areas and, specifically, in managing mental health.

There is a strong business case for employers to do this. For instance, many employers may pay for an EAP when actually they may already have access to one via their group income protection policy. So, looking at what is included in current policies could help employers save money. The savings can help offset the cost of premiums or be used elsewhere in the business. In addition, effective use can actually help reduce claims and thus premiums. 1,878 people were helped back to work supported by the insurer with early intervention during 2015 before a claim was made, showing that the help is practical and tangible.

When employers aren’t sure where to find help in managing mental health in the workplace, we would urge them to start with group risk. It has the potential to open up a whole world of support that they may not be using to their best advantage. Getting the most out of these services means using them as they are intended – every day – and, importantly, communicating them effectively to staff. This, in turn, can reinforce the position of a business as a caring organisation as well as giving vital support to people when they need it.”