Choosing The Right Insurance Package For Your Small Business

1
Choosing The Right Insurance Package For Your
Small Business
2

• As the owner of a small business youll want to
  give your employees a benefits package, not only
  because its good for them, but it can save you
  money at tax time. However, you may not be
  entirely sure what a benefits package should
  include.
• To help you decipher which insurance package
  would be best for your workers, here are a few
  pointers
• What should a small benefits package include?
• Experts say that a good small business benefits
  package should include health insurance, some
  life and disability insurance and a retirement
  savings plan.

3

• However, this may not necessarily be applicable
  for your small business depending upon your
  budget and employee needs. Lets look at each one
  in a little more detail
• Health insurance
• Group health insurance comes in many shapes and
  sizes and can be adapted to suit any small
  business and its employees needs. When thinking
  about health insurance, its important to
  consider whether you opt for a Preferred Provider
  Organization plan (or PPO), or a Health
  Maintenance Organization plan (or HMO). To know
  more about either, consult with a workplace
  insurance specialist.

4

• Life and disability insurance
• With two categories of life insurance term
  insurance and permanent insurance, youd need to
  think carefully about which one you choose. Term
  insurance is designed to cover only an employees
  dependents if they die unexpectedly within a
  specific time period and is often a more
  affordable option for employers. However, your
  employees may be more satisfied with a permanent
  life insurance plan that provides lifelong
  coverage and has an investment component. Again,
  to know more details about each plan, speak with
  an insurance specialist.

5

• Retirement savings plan
• The benefits of offering this to your employees
  can outweigh any costs and is one plan that just
  might encourage them to remain loyal to you and
  your business. While retirement may be a long way
  away from some of your workers, most will still
  consider a retirement savings plan to be a huge
  draw and investing in a retirement savings plan
  could be a sound financial decision.
• Are small business benefits packages worth the
  money?
• With statistics showing that more than 70 of
  employees would prefer more benefits over an
  increase in their pay, offering a benefits
  package to your workers, seems as if it would
  always be worth the cost.

6

• If you choose to offer your employees a small
  business benefits package, you could stay
  competitive as an employer and a business without
  having to raise anyones salaries, and with a
  wide selection of packages available, youre sure
  to find one that suits your budget and the needs
  of your employees.
• We Insure Miami was founded on the principle that
  every individual and business, big and small, has
  assets and valuables that need to be protected
  and insured against forces outside of our
  control. We offer Homeowners, Auto and small
  business insurance in miami. Our agents
  understand that you work hard every day to
  protect your car, home, business and family. WE
  are passionate about Insurance and passionate
  about serving you. If you are looking for
  homeowners or business or car insurance in miami,
  contact us for a quote or a complimentary review
  of your insurance policies.