The new marshmallow insurance benefits scheme, introduced by the government, is making a big difference to employees and employers. Not only does it give workers a free courtesy car, it also has a cycle-to-work scheme and an emphasis on mental health. With these new benefits in place, employees are being rewarded for the extra effort they put into their jobs, and employers can rest assured that their staff are happier, more productive, and less likely to get sick.
Cycle-to-work scheme
Marshmallow is a company that aims to offer insurance products that can offset your carbon footprint. The company provides a variety of benefits, including cycle-to-work and dental cash plans. They also offer mental health workshops and a personal therapy service.
While Marshmallow’s main goal is to reduce emissions, they are also keen to encourage eco-friendly transport initiatives in the workplace. This allows employers to demonstrate their interest in the environment while promoting a healthy work culture. As the UK government moves toward a ban on new combustion vehicles by 2030, promoting eco-friendly transport initiatives is a great way for businesses to show their support.
Marshmallow is a tech start-up that minimises emissions at source, rather than at the point of sale. It is a relatively small business, with only about 150 employees in August 2021. But that doesn’t mean it can’t scale. Founded by twin brothers Alexander and Oliver Kent-Braham, the company has managed to offset over 1.5 million KG of CO2 in its first year. And it predicts it will offset up to 10 million KG by the end of 2020.
Private healthcare
Marshmallow has a mission. Its primary focus is on the underserved. The company wants to provide a comprehensive picture of its users, particularly migrant drivers, and is able to do so through an innovative algorithm.
A simple web interface and a mobile app are just a couple of the tools that Marshmallow uses to get a picture of its users. The company also makes use of machine learning to customize its policies. All of this information is then integrated into an algorithm.
While the company’s main product is car insurance, it’s looking to expand into other areas such as life insurance and wellness products. As part of this plan, it will use $30 million of the latest funding round to grow the business. In addition, it plans to launch in more countries within 18 months.
With the rise of tech startups in the insurance space, Marshmallow is tapping into a new way of thinking. By leveraging data from a wider range of sources, the company hopes to offer customers a more comprehensive picture of their own driving habits and potential risks.
Emphasis on mental wellbeing
Mental wellness is important for any age and Marshmallow Insurance, a UK insurance company, has found a way to incorporate it into your policy without breaking the bank. Aside from providing cover for medical and dental expenses, the company offers a virtual health and fitness programme, a cycle to work scheme, as well as a range of other health and wellbeing services.
The benefits of Marshmallow’s initiatives include better employee engagement, improved productivity and a healthier workforce. However, while employers are more aware of the need to address mental wellbeing, workers are less enthused about it. According to a recent survey, half of employers and workers said they did not agree on how to improve workplace mental health. This could be a problem, as millions of Americans have recently opted to quit their jobs. In fact, one of the reasons for this is because they do not believe employers actually care about their mental health.
Courtesy car upgrade
If you’re looking for comprehensive car insurance benefits that’ll give you peace of mind, Marshmallow insurance could be the right choice for you. The firm offers cover to UK drivers aged 21 to 75. They also offer courtesy cars for stolen or damaged vehicles.
You’ll also be provided with a free mobile app, online chat facility, and access to a claims line. These can be accessed during business hours from 9am to 8pm on weekdays, and 10am to 5pm on weekends.
You can also make changes to your policy online. However, you’ll need to pay a small amount to update your policy. As well as that, you’ll need to upload a copy of your NCD record – which can be from any country. Additionally, you’ll need to pay PS25 if you want to add additional coverage.
Although there are a few negative reviews, you’ll find that most people are happy with the services offered by Marshmallow. Many positive reviews highlight the low prices and excellent customer service.