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An attractive employee benefit program is your cornerstone to hiring and keeping quality people.
Whether you have a small staff or a large, multi-tiered organization, providing the appropriate benefits and incentives can be an important element in candidate's evaluation of your compensation program and their future.
The return on investment for the business owner is both demonstrable and immediate, and it is what drives the popularity of these plans.
By grouping individuals together, unit cost falls and results in savings for all of your people. By implementing a group insurance plan for your employees you will accomplish the following:
- You will run a business that provides coverage such as dental care, medical care, life and disability insurance for your employees and their families.
- Both you and your employees have immediate access to lower cost insurance than is available individually
- You lock in security for both management and staff, making your company a more attractive place to work – and to remain – for employees, thereby enhancing the likelihood of staff retention
- Employee morale and loyalty climbs as a direct result of the enhanced financial security and the benefit of corporate support
- The premium, as a business expense, is tax deductible
Here is a sample of Group Insurance Benefits you can offer:
- Life Insurance and Spousal/Dependant Coverage
- Accidental Death and Dismemberment
- Prescription Drug Coverage
- Paramedical Coverage (Chiropractors, Therapists, etc.)
- Group Pension Plans
- Group RRSP Plans
- Short Term Disability
- Long Term Disability
- Extended Healthcare/Visioncare
- Dental Coverage
- Out-Of-Country Emergency Medical (Travel)
- Critical Illness Insurance
For more information, contact a Timmerman Insurance Broker today!
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