family business image

Small family business health insurance

Family-owned businesses are incredibly common across a number of different industries in the UK. In 2020, 77% of SMEs were defined as family-owned businesses.1 In 2018, the family business sector employed 14.2 million people, almost 39.9% of the UK’s total employment for that year.2

Owning and working in a family business can be very rewarding. Employing relatives can mean that you’re all more aligned on business goals and objectives, and share an equal passion in making the business a success. It can also be very all-consuming, and the line between work life and personal life can often become blurred.

What is small family business health insurance?

When you own a family business, the health and wellbeing of your team is likely to be very important to you. You’ll want to make sure that your team are healthy, happy and productive, and that they’re able to be the best version of themselves. 

Our small business health insurance can help you show your team that you really value what they do for you, and that you’re ready to invest in their health and wellbeing. You know your business and your team better than anybody, which is why we think that the best way for you to get the health insurance that’s right for you is to let you build your small family business health insurance plan yourself. We offer a range of cover options for you to choose from, so you only pay for the cover you need.*

No matter the size of your organisation, we’ll help you build a wellbeing culture throughout your family business. We can cover 1-249 employees with our small business health insurance.

*If you are buying cover for 1-2 people only, you will need to include either the Treatment option or the Diagnostics Only option in your plan.

How easy is it to add additional employees to my plan?

It’s easy to add new or additional employees or family members to your plan at any point during your policy. The group decision maker can either email us or call us on the phone number listed in the handbook (phone lines are open 9am-5pm Monday – Friday). Depending on the underwriting option chosen, the amendment to your policy can often be authorised over the phone. Once the amendment has been actioned, your new employee will then be added to your plan and can start receiving the benefits of your small business health insurance plan. 

What does the policy cover and what doesn’t it cover?

What your policy covers will depend on the cover options that you choose, as well as any previous medical history and the underwriting option you select when you take out your plan. We offer a number of different cover options, so you can build a plan that suits your business and your budget. Our cover options include:

  • Treatment: Cover for hospital procedures and operations, including surgery, plus radiotherapy and chemotherapy for cancer when you include Comprehensive Cancer Cover
  • Diagnostics Only: This option helps you or one of your employees find out what's wrong, quickly, if you become unwell
  • Therapies: Cover for referred treatments by an osteopath, physiotherapist, acupuncturist, or chiropractor
  • Outpatient: Helps employees with a GP referral be seen quickly by a specialist at a time and place suitable for them
  • Mental health: Look after more than just your employees’ physical health with cover for mental health treatment
  • Private GP: Make it easy for you and your employees to see a private GP in person, promptly, at a time that’s convenient
  • Extended Cover: Provides even greater flexibility and choice over where your people are treated. Plus extra cover for planned, pre-approved treatment abroad and cover for the routine management of chronic conditions
  • Employee Assistance Programme: If they’re going through difficult times, such as divorce or money problems, this option gives your people a professionally trained expert to talk to; on the phone, or in person, depending on the chosen programme^
  • Dentist and optician cashback: Help your employees look after their teeth and eyesight with cashback towards dentists’ fees, glasses, contact lenses and eye tests
  • Travel: Whether travelling for business or pleasure, cover your people for emergency medical treatment. You will also have access to other travel-related benefits

Find out more about our cover options

^Our EAP cover option is only available as part of a healthcare cover plan when chosen with at least one other cover option.

Get a quote
Request a callback

The benefits of small family business health insurance

Small family business health insurance can have a number of benefits for your family business, these include:

Friends icon
Employee retention

If you employ relatives in your family business, they may already have a strong loyalty to your business because of the family connection. However, ensuring that they have a strong benefits package, including incentives such as private health insurance, can help to retain your team. According to a survey by Drewberry, 35.3% of workers want private health insurance as an employee benefit3

small office icon
Recruitment incentive

When you need to hire new people to join your business, offering health insurance as part of your benefits package can be a great recruitment incentive. The same survey found that 51.1% of workers said they’d like to see their company introduce benefits that support their health and wellbeing3

Calendar icon
Greater flexibility over medical appointments

With small business health insurance, medical appointments can often be at a time and place that suits you giving you and your team more flexibility

Heart icon
Workplace wellbeing

Health insurance provides your team with access to health information and support when they need it, which can be beneficial to overall workplace wellbeing as your team will have someone to support them with their health

How much does small family business health insurance cost?

At AXA Health, we think that the best way for you to get health insurance that’s the best fit for you and your business is to let you build your plan yourself. That’s why we offer a range of cover options for you to choose from. The price of your small family business health insurance will depend on the cover options that you choose.

As an example, you could get the below cover options for £29 per month, per employee^:

  • Treatment option: Cover for hospital procedures and operations, including surgery, including comprehensive cancer cover
  • Therapies option: Cover for referred treatments by an osteopath, physiotherapist, acupuncturist, or chiropractor
  • Outpatient option: Helps, after GP referral, employees be seen quickly by a specialist at a time and place suitable for them

^The above example is based on six employees (aged 25, 30, 35, 40, 45 & 50), living in Guildford, paying annually for a 5% discount, with a £100 excess and a two year moratorium on pre-existing conditions. Costs are representative as of October 2022, and prices will vary depending on location, cover options and ages.

If you’d like to find out more about our small family business health insurance, you can call our small business experts on 0800 389 7413 or get a quote online

Get a quote
Request a callback

Health and wellbeing info, straight to your inbox

Sign up to receive our small business health and wellbeing newsletter straight to your inbox each month. Designed specifically for small business owners, our newsletter provides actionable advice and insights to help keep your employees healthy and happy, and to help keep your business growing.

Receive insights from our in-house experts directly to your inbox on a number of health and wellbeing topics.

Get access to our small business guides providing in depth health and wellbeing insight and recommendations.

Read tips for how you can prioritise the health and wellbeing of your team.

By submitting this form you're agreeing to receive health and wellbeing information, promotions and special offers from AXA Health. If you're not the named person on this form, you must ensure that they consent to such use of this data. You can opt-out by unsubscribing at any time and you can view our Privacy Policy.