Employee Benefits
Protecting your workforce with insurance and fund benefits built for the building industry.
FEM (Federated Employers Mutual)
FEM is the insurance company for the building industry. MBA FS members can register with FEM for workmen's compensation cover. Members with a clean claims record can earn rebates of up to 50 percent on their annual premiums. FEM provides cover that is designed specifically for the construction sector, where the risks differ from general industry.
- Up to 50 percent rebate on a no claims record
- Workmen's compensation cover
- Policy terms designed for building firms
- Run for building employers, by building employers
Provident and Funeral Fund
The Provident and Funeral Fund provides essential financial security for employees in the building industry. Employers registered with MBA FS contribute on behalf of their workers, so that employees and their families are protected when they retire, fall ill or pass away. The fund is regulated and built around the needs of building workers.
- Retirement provident fund for building workers
- Funeral cover for employees and their dependants
- Builders Holiday pay administration
- Regulated and industry specific
Builders Holiday Payments
Building workers earn holiday pay through the industry agreement. MBA FS helps members manage Builders Holiday payments correctly, so that employers meet their obligations and workers receive what is due to them. This keeps members compliant with the relevant bargaining council arrangements.
- Holiday pay calculated to the industry agreement
- Compliant with bargaining council rules
- Clear records for employers and workers
- Support from the MBA FS office