Global employee benefits for Gulfsands Petroleum
Gulfsands Petroleum, an independent oil and gas exploration and production company, engaged Bellwood Prestbury to help introduce a new global employee benefits package.
Bellwood Prestbury was asked to create a scheme that would cover UK and overseas employees and their dependents for medical, life and travel insurance.
Gulfsands has a workforce split between its head office in London and operational staff located in the Syrian Arab Republic. The new global employee benefits package needed to cover expatriate and national employees in both locations and ensure that cover was relevant to all levels of employee.
Zoe Shaw at Gulfsands Petroleum is delighted that she chose Bellwood Prestbury to advise on cover, negotiate rates and to manage the scheme. “I wanted an independent expert to advise on best value and a single point of contact for all claims once the programme was in place. Bellwood Prestbury offered all of this and their expertise means that our cover has almost certainly cost us less than if we had tried to put it in place ourselves.”
Peter Bellwood, at Bellwood Prestbury, put together the package. He used one provider for medical cover in the UK, and their international policy to get the right package of benefits for employees based in Syria. Both offer private diagnosis and treatment for employees and their dependents. He placed the Group Travel Insurance policy with a specialist provider and the salary indexed Group Term Life Insurance through Lloyd’s of London.
Peter explains: “When it comes to group schemes, you invariably need to use different providers to get the best cover to match a client’s employee and geographic profile, and to get the right level of benefits at the right price. Because we know the market, we know exactly where to go and how to negotiate the best deals.”
Now that the programme is in place, Bellwood Prestbury will manage any claims, administer the scheme and renegotiate renewals on behalf of Gulfsands and its employees.
To find out more about Bellwood Prestbury’s global employee benefit options, call our experienced team on +44 (0) 1242 584 558.