The Guardian Life Insurance Company of America said that it will now offer critical illness coverage to companies with as few as two employees. The company will also offer a hospital rider to create an efficient financial protection package that helps employees to overcome medical deductible hurdles.

According to Guardian, its critical illness insurance provides a lump sum payment up to $50,000 upon diagnosis of a covered illness. The funds may be used to cover medical expenses like deductibles and experimental treatments, or even non-medical expenses like travel to treatment centers or child care.

In addition, the company offers a hospital rider that pays policyholders up to $500 per-diem for lengthy hospital stays (up to 10 days) for illnesses that are not covered under the critical illness policy.

Clancy Merrill, executive director of small group sales at Guardian, said: “We differentiate ourselves by giving smaller companies access to benefits that some of our competitors only make available to their largest clients.

“Both our large and small business groups can enjoy not only the ability to mix and match our extensive product line-up to help meet their unique needs and price points, but also our enrollment support service, toll-free hotline, certified enrollment specialists, personalized kits and online enrollment.”