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Can small businesses provide corporate health insurance?

15 December 2017 - 8:44am

There are over 2 million businesses in Australia and over 90 per cent of these are non-employing, micro or small businesses, Treasury data shows. And these fast moving, small organisations are driven by their most valuable asset - their people. 

Unfortunately for those people, working for a small business so often means sacrificing the perks you expect when employed at a larger firm. Think security, performance bonuses, training and qualification and corporate health insurance. This is part of the reason why so many bright talents leave for larger companies. 

However, we know for a fact that most small businesses can offer one of those perks easily: corporate health insurance.


Offering a comprehensive small business health insurance plan could help keep your employees happy.Offering a comprehensive small business health insurance plan could help keep your employees happy.

How much will your small business health insurance plan cost?

Your small business health insurance plan will cost however much you want it to. The beauty of this perk is that it's fully customisable and you can offer countless, varying levels of cover to your employees: at whatever cost you deem reasonable. But first you need the right advice from a consultant that you trust. 

Use an insurance broker to gain in-depth information and analysis on all the options available.

In a recent Vero survey, it was discovered that 79 per cent of small to medium enterprises use an insurance broker to gain in-depth information and analysis on all the options available. That's exactly what we offer here at HICA and that's why with us, small businesses can offer corporate health insurance.

Keep your employees happy: offer corporate health insurance

In our hands, your Australian small business health insurance doesn't need to be an off the shelf product. Instead, a corporate plan can be tailored to your budget, staff preferences and team size. 

If you've got limited funds - that's no problem. We can arrange so that your employees pay part of their premiums reducing the total cost. If your staff has a preference for one aspect of cover - that's not a problem either. We can recommend a plan so that your employees get what they want.

That way you can reap the benefits of offering incentives and perks to your employees - from increased productivity and loyalty to better employee health and morale. 


If your team's small it's especially important to keep your employees happy. If your team's small it's especially important to keep your employees happy.

To take the first step towards offering your employees the perks they want and deserve, speak to a consultant here at HICA today. We know the difference that the right incentives can make for a business and its employees.