What other notable statutory benefits does the United Kingdom’s social security system offer?
Workers’ compensation is provided by the social system, specifically through the Industrial Injuries Scheme (IIS), for occupational death, disease, or accident.
also has a Commercial General Liability insurance in place, which covers many elements, such as professional liability, general commercial liability, excess liability, and employment practices liability.
Does Velocity Global provide travel insurance?
Velocity Global does not currently offer a travel insurance plan in the U.K., but a monthly allowance may be provided instead.
What are the maternity/paternity benefits in the U.K.?
You may choose to provide a more generous benefit for maternity leave and pay, which can help you attract and retain talent. Some employers will offer enhanced maternity pay by providing 10 weeks of 90% salary, then 10 weeks of 50% basic salary, and then the remaining 19 weeks of Statutory Maternity Pay. A more generous package would be 20–25 weeks of full pay, with the remainder being Statutory Maternity Pay. Employers can also offer one to three additional weeks of enhanced maternity leave for each year of service.