Employee Benefits
In Gibraltar's competitive employment market, salary is no longer enough on its own to attract and retain the right people. Skilled professionals in financial services, fintech, online gaming, legal, and professional services can often find comparable pay elsewhere. What increasingly makes the difference is how well an employer looks after its people — and whether that care is backed by a tangible, well-structured benefits package.
At Capurro Insurance, we help businesses of all sizes design and arrange employee benefits programmes that work — for the employer's budget and objectives, and for the employees who rely on them. From a small business arranging group life cover for the first time, to a growing company building a comprehensive package to compete for talent, we'll guide you through the options and help you make the right choices.
Why employee benefits matter to your business
A well-constructed benefits package does more than support employee wellbeing. It reduces absenteeism, improves engagement, and strengthens your position as an employer of choice in a market where good people have options. When employees know their health, family, income, and future are protected, they tend to be more focused, more loyal, and more productive.
And from a commercial perspective, group arrangements often deliver significantly better value than employees could access individually — making it an efficient way to offer meaningful support without inflating salary costs.
What we can arrange
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Private medical insurance for your workforce, covering hospital treatment, surgery, outpatient consultations, and more. We work with leading providers to find schemes that cover your team from day one — and can explore options that include cover for pre-existing conditions, so you do not have to ask difficult questions during recruitment.
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A lump-sum payment to an employee's family if they pass away while employed by you. One of the most valued and cost-effective benefits an employer can offer — and often the foundation of a broader benefits programme. The benefit is typically expressed as a multiple of salary and is straightforward to arrange.
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If an employee is unable to work due to long-term illness or disability, income protection replaces a proportion of their salary after an agreed waiting period. It pays out to you as the employer, who then continues to pay the employee — allowing you to manage tax and pension contributions as normal. The waiting period and benefit duration are both configurable to match your budget and sector norms.
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Pays a tax-free lump sum to an employee diagnosed with a specified serious illness such as cancer, heart attack, or stroke. Helps employees focus on recovery rather than financial pressure, and signals a genuine commitment to their welfare beyond the day-to-day.
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Employees can claim back money spent on everyday health costs — dental treatment, optician appointments, physiotherapy, and similar expenses — up to agreed annual limits. Relatively low-cost to the employer but highly valued by staff as a tangible, regularly used benefit.
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Whether you are setting up a pension scheme for the first time or reviewing an existing arrangement, we can help you identify the right structure for your business and workforce. A good pension scheme is one of the most powerful long-term recruitment and retention tools available, particularly for more experienced employees who are focused on financial planning.
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Cover for employees travelling for work purposes, including medical expenses, cancellation, travel disruption, and personal accident. Can be arranged on a standalone basis or integrated within a broader employee benefits programme.
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A flexible benefit that can be structured on a 24-hour or work-time basis, providing financial protection for accidental death, permanent disablement, or temporary total disablement. Often used to complement or extend group life cover.
Already have a benefits programme?
If you have existing employee benefits in place, we can review them. Over time, schemes can become misaligned with your workforce's needs, more expensive than necessary, or no longer competitive with what other employers in your sector are offering. We'll carry out an honest assessment of what you have, identify any gaps or overlaps, and help you make informed decisions about whether to renew, renegotiate, or restructure.
For businesses of all sizes
We work with companies across the full size range — from SMEs arranging their first group scheme to larger businesses building multi-benefit programmes. Smaller businesses often assume group employee benefits are only affordable for larger organisations, but in many cases the economies of scale from even a modest group policy make the cost lower than expected. If you have a team of any size, it is worth having the conversation.
Our employee benefits team would be happy to discuss what you currently have in place, what might be missing, and what a well-structured programme could look like for your business.
We’re here to help
Georgina Alpe
Life, Health & Pensions | Supervisor
Disclaimer:
The information contained herein is provided for general informational purposes only. All insurance policies are subject to the specific terms, conditions, exclusions and endorsements set out in the individual insurer’s policy documentation. Coverage may vary depending on the insurer and the nature of the risk presented. We strongly recommend that you review the full policy wording.