Reed Rewards

What is Professional Indemnity Insurance and why do I need it?
Why does Reed not hold Professional Indemnity Insurance Cover for its temporary workers?
Is it a legal requirement for all temporary employees to have Professional Indemnity Insurance?
Why is life/critical illness insurance included under Level One?
What do I do if I don’t want to be included in the Reed Rewards Scheme?
What if I want to opt out after the relevant 14 day period?
How do I opt out of the benefits schemes?
What do I need to do to be included in the Reed Rewards Scheme?
Can I have Level Two cover without Level One cover?
How do you collect the premiums from me?
Can Reed deduct these premiums from me?
How much will be deducted from my wages?
If I only work a limited number of hours a week will the premiums be pro-rated?
Why has no-one discussed these changes with me?
Where can I find out more information about these benefits, such as level of cover and exclusions?
What if I am on holiday- how do I pay the premium?
What happens on Bank Holidays?
What if I am not in a booking for Reed, am I covered for that week?

What is Professional Indemnity Insurance and why do I need it?

Professional indemnity insurance provides cover for claims made against you personally for professional negligence. Due to the increasing incidence and costs of litigation, Reed is now offering you cover to protect your interests should legal action be taken against you.

Why does Reed not hold Professional Indemnity Insurance Cover for its temporary workers?

Reed does hold Professional Indemnity Insurance however as temporary employees work under the direction and control of a client there may be circumstances where a client will make a claim against you individually.

Is it a legal requirement for all temporary employees to have Professional Indemnity Insurance?

It is not a legal requirement for a temporary employee to have Professional Indemnity Insurance however Reed is offering it to you at very competitive rates to protect your interests should a claim be made against you.

Why is life/critical illness insurance included under Level One?

The charge for Level One cover is for professional indemnity insurance. Life/critical illness cover is included at no additional cost to you so even if you already have life/critical illness insurance this will provide you with additional cover without further cost.

What do I do if I don’t want to be included in the Reed Rewards Scheme?

You have up to 14 days from the date of your first day of work with Reed (or from the launch of the scheme on 2 nd April 2005, whichever is the later) to opt out of Level One and Level Two. Any premiums paid by you during this period will be refunded.

What if I want to opt out after the relevant 14 day period?

You can still choose to opt out after the relevant 14 day period has expired but you will not be refunded any premium paid or due.

How do I opt out of the benefits schemes?

If you wish to opt out of both Level One and Level Two cover you may do so by any of the following means:-

Logging on to candidate.reed.co.uk (OnTime) and following the instructions;
Emailing us at reed.rewards@reed.co.uk;

If you wish to receive Level One cover but not Level Two cover please advise us as above.

What do I need to do to be included in the Reed Rewards Scheme?

You do not need to do anything: you will be automatically included if you do not opt out.

Can I have Level Two cover without Level One cover?

No, in order to receive Level Two cover you must also receive Level One cover.

How do you collect the premiums from me?

These are deducted from your net pay.

Can Reed deduct these premiums from me?

Yes, with your prior written agreement which will be contained in your contract of employment.

How much will be deducted from my wages?

If you wish to take advantage of the scheme Reed will deduct the sum of either £0.97 per week or £2.29 per week from your wages, depending on whether you have Level One or Level Two cover. This amount may be subject to change but Reed will notify you in advance of any proposed changes. Reed will endeavour to keep the costs to the minimum at all times. There are no current plans to increase the costs. If you choose to opt out of the scheme Reed will not make any deductions from your wages for the premiums.

If I only work a limited number of hours a week will the premiums be pro-rated?

The premium provides cover for the full week and therefore is not pro-rated.

Why has no-one discussed these changes with me?

Reed decided that the best way to inform each and every temporary employee was to write to you individually with full details of the scheme, your options and resultant changes to the terms and conditions of employment. This letter was sent 3 weeks before the benefits are due to take effect, providing us with time to obtain your views and answer your queries.

Where can I find out more information about these benefits, such as level of cover and exclusions?

In the first instance please refer to the website where full information can be found about all benefits including terms and conditions.
For Level One all questions about the cover, extending the cover and circumstances when a claim would be covered by the policy have to be directed to the Brokers and Cover providers. For Level One Professional Indemnity, Life Assurance and Critical Illness policies they need to be directed to Graham.Dowse@braddons.co.uk which reaches Braddons Limited, our appointed firm of Independent Financial Advisers who are regulated by the Financial Services Authority.
For Level Two all questions should be directed to Saint John's Insurance direct who have provided a telephone response line, 0808 234 3349 to handle general membership enquiries, any claims enquiries and requests for claims forms.

What if I am on holiday- how do I pay the premium ?

If you are receiving Holiday Pay from Reed, then a premium will be deducted from your net pay that week and you will still be covered.

What happens on Bank Holidays?

If you have not worked during the week for which you are receiving automatic Bank Holiday pay, no premium will be deducted and you will not be covered for that week.

If you have worked during the week for which you are receiving automatic Bank Holiday pay, a premium will be deducted and you will be covered for that week.

What if I am not in a booking for Reed, am I covered for that week?

No, because Reed will not be collecting any premiums from you. However some of the benefits may be available to you for a few weeks following the week you last worked. Please refer to the Reed Rewards website for more information.

	Frequently Asked Questions
	What is Professional Indemnity Insurance and why do I need it? Why does Reed not hold Professional Indemnity Insurance Cover for its temporary workers? Is it a legal requirement for all temporary employees to have Professional Indemnity Insurance? Why is life/critical illness insurance included under Level One? What do I do if I don’t want to be included in the Reed Rewards Scheme? What if I want to opt out after the relevant 14 day period? How do I opt out of the benefits schemes? What do I need to do to be included in the Reed Rewards Scheme? Can I have Level Two cover without Level One cover? How do you collect the premiums from me? Can Reed deduct these premiums from me? How much will be deducted from my wages? If I only work a limited number of hours a week will the premiums be pro-rated? Why has no-one discussed these changes with me? Where can I find out more information about these benefits, such as level of cover and exclusions? What if I am on holiday- how do I pay the premium? What happens on Bank Holidays? What if I am not in a booking for Reed, am I covered for that week? What is Professional Indemnity Insurance and why do I need it? Professional indemnity insurance provides cover for claims made against you personally for professional negligence. Due to the increasing incidence and costs of litigation, Reed is now offering you cover to protect your interests should legal action be taken against you. Why does Reed not hold Professional Indemnity Insurance Cover for its temporary workers? Reed does hold Professional Indemnity Insurance however as temporary employees work under the direction and control of a client there may be circumstances where a client will make a claim against you individually. Is it a legal requirement for all temporary employees to have Professional Indemnity Insurance? It is not a legal requirement for a temporary employee to have Professional Indemnity Insurance however Reed is offering it to you at very competitive rates to protect your interests should a claim be made against you. Why is life/critical illness insurance included under Level One? The charge for Level One cover is for professional indemnity insurance. Life/critical illness cover is included at no additional cost to you so even if you already have life/critical illness insurance this will provide you with additional cover without further cost. What do I do if I don’t want to be included in the Reed Rewards Scheme? You have up to 14 days from the date of your first day of work with Reed (or from the launch of the scheme on 2 nd April 2005, whichever is the later) to opt out of Level One and Level Two. Any premiums paid by you during this period will be refunded. What if I want to opt out after the relevant 14 day period? You can still choose to opt out after the relevant 14 day period has expired but you will not be refunded any premium paid or due. How do I opt out of the benefits schemes? If you wish to opt out of both Level One and Level Two cover you may do so by any of the following means:- Logging on to candidate.reed.co.uk (OnTime) and following the instructions; Emailing us at reed.rewards@reed.co.uk; If you wish to receive Level One cover but not Level Two cover please advise us as above. What do I need to do to be included in the Reed Rewards Scheme? You do not need to do anything: you will be automatically included if you do not opt out. Can I have Level Two cover without Level One cover? No, in order to receive Level Two cover you must also receive Level One cover. How do you collect the premiums from me? These are deducted from your net pay. Can Reed deduct these premiums from me? Yes, with your prior written agreement which will be contained in your contract of employment. How much will be deducted from my wages? If you wish to take advantage of the scheme Reed will deduct the sum of either £0.97 per week or £2.29 per week from your wages, depending on whether you have Level One or Level Two cover. This amount may be subject to change but Reed will notify you in advance of any proposed changes. Reed will endeavour to keep the costs to the minimum at all times. There are no current plans to increase the costs. If you choose to opt out of the scheme Reed will not make any deductions from your wages for the premiums. If I only work a limited number of hours a week will the premiums be pro-rated? The premium provides cover for the full week and therefore is not pro-rated. Why has no-one discussed these changes with me? Reed decided that the best way to inform each and every temporary employee was to write to you individually with full details of the scheme, your options and resultant changes to the terms and conditions of employment. This letter was sent 3 weeks before the benefits are due to take effect, providing us with time to obtain your views and answer your queries. Where can I find out more information about these benefits, such as level of cover and exclusions? In the first instance please refer to the website where full information can be found about all benefits including terms and conditions. For Level One all questions about the cover, extending the cover and circumstances when a claim would be covered by the policy have to be directed to the Brokers and Cover providers. For Level One Professional Indemnity, Life Assurance and Critical Illness policies they need to be directed to Graham.Dowse@braddons.co.uk which reaches Braddons Limited, our appointed firm of Independent Financial Advisers who are regulated by the Financial Services Authority. For Level Two all questions should be directed to Saint John's Insurance direct who have provided a telephone response line, 0808 234 3349 to handle general membership enquiries, any claims enquiries and requests for claims forms. What if I am on holiday- how do I pay the premium ? If you are receiving Holiday Pay from Reed, then a premium will be deducted from your net pay that week and you will still be covered. What happens on Bank Holidays? If you have not worked during the week for which you are receiving automatic Bank Holiday pay, no premium will be deducted and you will not be covered for that week. If you have worked during the week for which you are receiving automatic Bank Holiday pay, a premium will be deducted and you will be covered for that week. What if I am not in a booking for Reed, am I covered for that week? No, because Reed will not be collecting any premiums from you. However some of the benefits may be available to you for a few weeks following the week you last worked. Please refer to the Reed Rewards website for more information.