parental leave insurance coverage by Boost's insurtech platform

Parental Leave Insurance

Help your clients attract and retain their top talent and improve overall productivity by providing paid parental leave to their workforce.

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Key Benefits

First-of-its-kind coverage for family-friendly employers.
Providing your customers with this unique insurance product enables them to increase their employee retention and productivity, and enhances your brand as a leader in your space.

Regular, predictable costs for your customers.
Give your customers peace of mind that their parental leave costs will be regular, consistent payments, instead of unexpected, potentially large liabilities.

Become your customers’ one-stop shop.
Offering parental leave insurance creates new cross-sell opportunities to boost revenue and LTV with your existing customers, and deepens their business relationship with you.

Fast go-to-market.
Boost’s turnkey insurance API integration lets you get started offering parental leave insurance in weeks, positioning your business to benefit from first-mover advantage.

Stand out from the competition.
Establish your brand as focused on employees’ well-being, while helping your customers do the same.

Parental Leave Insurance Coverage Overview

Standard Coverage

Contractual Liability Insurance Policy
Covers the cost of covered salary payments to an employee taking parental leave, as defined in the employer’s handbook.

Customer-Selected Options

When buying their policy, your customers can choose the parental leave coverage levels that are right for their business:

Length of Parental Leave Covered
6-16 weeks

Percentage of Salary During Leave
50% – 100%

Maximum Weekly Benefit
$1,000 – $2,000*

*Up to $3000 for couples taking simultaneous leave for the same event

Policy Aggregate
$1,000,000 – $3,000,000

Get in Touch About Parental Leave Coverage

Offering parental leave insurance enables you to help your customers attract and retain top talent, and creates new cross-sell opportunities for your business. Learn more about parental leave coverage with a one-on-one demo with a Boost product specialist.

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Learn More About Embedded Parental Leave Insurance