Benefits and compensation at Zurich
What can go right when your employer cares for your total well-being?
Zurich supports what matters most at work and at home. Our gender-neutral paid parental leave, mental well-being support, and other inclusive benefits help employees care for themselves and their families. That commitment has earned recognition from Forbes’ America’s Best Employers list, Seramount’s Best Companies list, and Fortune’s World’s Most Admired Companies list. Zurich offers extensive benefits and resources that support employees’ total well-being.
Career development
At Zurich, we own our careers and are empowered to invest time and energy into our development. By staying curious, we keep learning and adapting to future ways of working and build our skillset as our careers evolve.
Zurich offers a variety of programs and resources including:
- A variety of leadership and skill development programs, internal coaches, and a mentoring program
- A full library of self-guided resources and learning opportunities available through our learning platform, MyDevelopment
- A flexible education benefit that provides funding for job-related degrees and provides access to coaches to support your education journey
Competitive compensation
Zurich is committed to providing competitive total compensation opportunities to attract, retain, motivate and reward our employees to deliver outstanding performance in the eyes of our customers and shareholders. We offer competitive base pay, based in part on an annual fair market assessment, and incentive program that reward employees’ contributions to business results.
FlexWork
Zurich has flexible working arrangements in place with manager approval, which we call FlexWork. Each business unit and function has established parameters for the use of FlexWork to meet our customers’ needs and achieve desired business results. results. Managers advise employees of FlexWork expectations based on the role.
Wherever employees are working, we leverage technology such as Microsoft Teams to support collaboration and connection, and we share new and best practices for getting the most out of our technology.
Health
Offerings include medical, prescription, dental, vision, life, accident, disability, critical illness, personal accident and business travel accident insurance. Additional details:
- Our high-deductible medical plans are designed to be used with a tax-advantaged health savings account (HSA). When employees make a minimum contribution to their HSA, Zurich makes a generous contribution too.
- Annual physical exams and other preventive services are covered at 100% with in-network providers. Employees can elect to cover eligible dependents – spouse or domestic partner and dependent children. The plan also covers prescription drugs.
- Flexible Spending Accounts (FSAs) are an additional option for eligible out-of-pocket health and dependent care expenses.
- Employees and dependents enrolled in Zurich’s U.S. medical have access to infertility services.
- Employees and dependents enrolled in Zurich’s Medical Plan have several programs and resources available for no additional cost for health matters related to weight loss support, diabetes reversal, muscle/joint therapy, and second opinion services.
Lifestyle support
Zurich offers a well-being app, weight loss support, tobacco cessation support, resources for full-time, part-time, and back-up child, adult, and elder care, adoption assistance benefits support for nursing mothers, access to an online caregiver database, tutoring discounts and college coach support, commuter benefits, group legal benefits and more. To assist families during significant life transitions, Zurich provides comprehensive support for maternity, nursing mothers, and menopause. Employees and their dependents can access these services even if they are not enrolled in Zurich’s Medical Plan.
Paid time off (PTO) and family leave
Generous paid time off includes holidays such as Martin Luther King Jr. Day and the day after Thanksgiving. We offer summer (shorter Fridays), the option to take time off in small increments and options for most employees to buy or sell PTO. We also offer generous paid family leave:
- In the U.S. we offer 12 weeks of 100% paid family leave for parents welcoming a child to their family via birth, adoption or fostering, and 2 weeks paid leave for employees caring for a family member with a serious health condition.
Recognition
Outstanding performance is celebrated through a variety of awards and recognition programs including Custom Unit/Function Awards, Blue Awards, Impact Awards, Project Professional Awards, KAMP Awards and, Impact Awards, Project Professional Awards, KAMP Awards and Community Hero Awards. Some of these awards include a financial component. In addition, our peer recognition platform allows employees to commend colleagues and award points that can be redeemed for gift cards, merchandise, event tickets and more.
Retirement
Newly hired individuals are immediately eligible to participate in our 401(k) savings plan, with two types of generous company contributions. Employees can contribute up to 50% of their eligible base pay on a pre-tax and/or Roth 401(k) basis. Zurich matches contributions dollar for dollar, up to 6% of eligible base pay. In addition to the Company Match, employees are eligible to receive an annual Company Base contribution of 3% of their eligible base pay.
Well-being
Through our Employee Assistance Program, Zurich covers up to eight confidential therapy sessions per year for benefits-eligible employees and their covered dependents. Employees do not have to be enrolled in Zurich's medical plan to access the program. We also offer employees Mental Health First Aid training so they can help connect colleagues, family members and friends to appropriate resources in the event of a mental health crisis.
The U.S. government’s Transparency in Coverage rule requires health insurers and group health plans to disclose certain pricing information for covered items and services by making machine-readable files accessible to the public. Our medical plan providers, UnitedHealthcare (UHC) and Blue Cross and Blue Shield of Illinois (BCBSIL), provide these machine-readable files at the links below.
UHC
BCBSIL
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FAQs
Zurich offers a comprehensive benefits program designed to support employees’ health, financial future, and work-life balance. Benefits may include medical, dental, and vision coverage; retirement savings through a 401(k) plan; life and disability insurance; paid time off; paid family leave and other leave of absence programs; and flexible work arrangements.
Zurich offers medical, dental, and vision coverage to help employees manage their health, along with well-being and mental health resources. Plans may include coverage for preventive care, prescription medications, and specialist visits.
Zurich helps employees prepare for the future through a 401(k) plan that includes company contributions. Additional financial protection benefits may include life insurance and short- and long-term disability coverage.
Zurich supports work-life balance through paid time off, company holidays, flexible work arrangements, and well-being resources that help employees manage personal and professional responsibilities.
Eligibility for benefits depends on various factors such as employment status and scheduled work hours. Specific eligibility details are provided during onboarding and benefits enrollment.