How JustParent Works
An overview of our revolutionary new product for UK businesses
A new type of insurance
JustParent is insurance for employers and allows them to offer their staff an enhanced (above statutory) paid parental leave benefit, but without the financial stress of potentially spiralling costs.
Let’s face it, most SMEs offer little above statutory because they can’t predict how many staff members might grow their families in any given year. One or two in the year might be manageable, but five or six could be financially challenging.
JustParent changes the equation - we offer insurance which will pay 100% of the basic salary of staff on parental leave, above an agreed excess. That means you can budget for it, plan ahead, and have an incredible tool in your recruitment armoury.
These are the steps to follow to secure cover:
Decide what benefit you’d like to offer your staff
Decide how much you’d like to pay, or what you’d like the excess to be
Provide us with the data we ask for (below), and we’ll send you a quote
If you’re happy, we can go ahead and arrange cover
Make a claim
Choose cover
The statutory pay for parental leave is not full salary and doesn’t last long – in fact, for paternity leave it is only two weeks. Maternity leave isn’t that much better really.
With JustParent, you decide what you’d like to offer your staff, and we will customise the insurance.
For Paternity leave, you can choose anything from 6 to 30 weeks of paid leave.
For Maternity leave, you can choose anything from 12 to 30 weeks of paid leave.
How much should you choose? That’s your decision.
Consider your budget
So, you’ve decided how much cover you’d like to offer - now let’s consider the costs.
When buying this policy, you should consider not just the policy premium, but also the excess. Remember, the excess is what you will pay staff for parental leave before the JustParent policy kicks in.
In general, once you’ve decided your benefit length, the more you pay for the policy, the lower your excess will likely be. So, how do we do this? There are two ways:
You determine your annual budget for JustParent for staff members based on what they earn, grouped as follows: up to £50k, £50-100k, £100-150k, and £150k upwards.
Or, you can decide what you’d like your policy excess to be. For example, your business might be happy paying the first £30k itself, but would like insurance to help above that.
Get a quote
So, you’ve decided what benefit you’d like to offer, and either your budget or the excess you’d like to have - we’ll ask you for this information first.
Next, we will need you to send us a spreadsheet with a row for each staff member, showing their date of birth, gender, and basic salary.
We don’t need to know all of their names or email addresses at this point.
We will then plug the data into our pricing algorithm and we will return to you with a quote and a copy of the policy wording and Insurance Product Information Document (IPID).
The quote will be valid for 14 days and we’ll be happy to answer any questions you might have about the insurance policy. We won’t be able to advise you though. If you need advice then we’d recommend engaging with third party experts.
In certain circumstances, we might not be able to offer cover. Please see our page on eligibility and exclusions.
Arrange cover
If you’re happy with the quote and policy wording, we can arrange for the cover.
Once arranged, we will send you confirmation of cover with a fresh copy of the policy wording, the IPID, and the policy schedule.
We will issue quarterly invoices, payable within 7 days for the cover to be maintained.
Make a claim
Now that you have insurance with us, you might need to make a claim!
To make sure there are no delays to paying your claim, please tell us as soon as anybody from your company has notified you that they will be taking parental leave - even if it is within the excess. We will need the following information, perhaps more in some cases:
The name of the employee who is going on leave
The date the employee joined your firm, and when they expect to go on leave - if they have shared this with you yet
A copy of their Mat B certificate, or equivalent from their doctor or midwife
Details of their salary — we might need historic payslips
If they are adopting we will need some different data, such as the matching date
Each month, we will ask you to confirm whether the employee is still on parental leave (sometimes people come back to work early)
This process will be managed by our claims administrator.
Keep us informed!
To ensure our service is smooth and that you have the appropriate cover, we ask you to keep us updated on a few things.
Please tell us about any new parental leave - even if it is within the excess. You must also tell us as soon as possible of any changes to:
Your business
The composition of your employee base (e.g. any new starters), and
Any other information that might materially impact the risk of loss insured under this policy
And finally… we’d love to hear stories from you and your team about how the enhanced parental leave has impacted their jobs and family! (If they’re happy to share, of course!)