SEABS

The Thoroughbred Breeders’ Association proudly supports the industry’s workforce strategy, and has implemented a scheme to support employers with a new employee benefit.  

The Stud Employee Accident Benefit Scheme, brokered by Howden Insurance, offers salary protection for absence that results from a qualifying injury for up to two years as well as capital payments for death or permanent disability.  

The scheme is open to all TBA full members who are employers and covers all ground-based staff (i.e. does not include riding). The scheme is also open to non-thoroughbred stud farms.  

Offering weekly payments of up to £400 per week (less SSP) if an employee is unable to work as a result of an injury for up to 104 weeks – or their current pay level if lower (subject to normal payroll deductions) and not restricted to injuries at work but standard conditions apply. For those employers who already offer enhanced SSP, the scheme will help to cover costs and for those who don’t, the scheme enables them to offer enhanced SSP with very limited financial exposure. 

Additionally, payments for both permanent disability and death are significant at £77,250 up to £154,500 respectively. 

The cost of the new SEABS scheme to the Employer is just £96 per employee per year which equates to under £2 per week.  

Operation of the scheme is via a dedicated online portal, which can be viewed now on the link below. Registrations for the policy are now being accepted.