Firms have looked at how mental health issues affect the workplace, in light of Mental Health Awareness Week.
Mental health issues account for approximately 30% of group income protection claims, according to Legal & General (L&G). Claims they received found that issues such as depression, anxiety, stress and psychological disorders have been the main reasons behind group income protection for the last 17 years.
The insurer revealed these figures during Mental Health Awareness Week (16-22 May) in order to highlight how common mental illnesses are in the workplace. Research found that early intervention and funding for the treatment helped 80% of mental health absence notifications so they were able to return to work without making a claim.
MartinuNoone, managing director, Legal & General Workplace Health and Protection, commented: “Mental health issues are becoming increasingly commonplace in the UK and it is a topic which needs to be discussed much more often, making this week’s awareness campaign a vital part of encouraging people to discuss such issues openly.
“Depression, anxiety and stress, amongst others, have been the number one reason behind group income protection claims for some years now and we are pleased to be able to offer those people some of the best and most advanced treatment available.”
Additionally, a study by the World Health Organisation (WHO) also found that one in four will be affected by mental ill-health at some station in their lives. It revealed that this is one of the most common reasons for workplace absence too.
Katharine Moxham, spokesperson for GRiD, said: “If employers don’t know where to start when it comes to managing mental health in the workplace then Group Risk policies are a great first port of call.
“We are very pleased to see that employers are extending this protection to more people and that many are using the extra support but I think we can do better. The first step is for employers to look again at the policies they have. The chances are they could find there is something that they could make better use of, as a wealth of support is available at no extra cost that can offer great help across many areas and, specifically, in managing mental health.”
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