Category Archive For "Group Insurance"
Climate change effects that your business should prepare for
Climate change effects businesses in many ways; from physical damage due to strong winds, flood or fire to business interruption and employee liability costs. In light of the recent California wildfires, as well as the large hurricanes seen globally in 2018, climate-related insurance claims have gone up not only for the individual policyholders, but also …
How is technology changing employee benefits?
Technological trends are influencing the ways in which employees view and consume employee benefits packages. For instance, they can now track their benefits and stay up to date with all the latest health and employee benefits news with just a few clicks of the mouse. Thanks to the latest tech, educating and informing employees about …
What is an employee benefits market review?
Nowadays, it’s not just a salary that keeps your employees loyal and happy. Other employee benefits such as company medical plans, flexible working hours, and paid time off are now as important, if not more so than pay. HR teams are thus facing a number of new challenges, chief among them being identifying the right …
How a consultant can help support your comprehensive benefits package
A common phrase used a lot in sales is “Cut out the middleman!”. This is often followed by sentiments like “Go betweens are costly”, and “they add very little benefit to you as a consumer”. That may be true in some industries but, in the world of corporate insurance, the right consultant can really enhance …
Insurance brokers vs agents: Key differences explained
Those on the hunt for corporate insurance will quickly discover that not only do countless plans exist, but so do a variety of different distribution channels in the market. There are insurance companies that you can buy from directly, agents who will sell plans on the insurers’ behalf, and brokers that search and compare coverage …
Challenges for Businesses Implementing Group Health Insurance Plans in 2018
We’re still at the start of 2018, but if this coming year is anything like the past couple of years, it’s going to be a big one for small business. For example, the number of new job seekers taking it upon themselves to start their own business at the end of 2016 was the highest …
Unifying international employee benefits: how using a broker makes better sense
A challenge facing many businesses with multiple global operations is managing the benefits of their staff. In an age where salaries alone are no longer sufficient to attract the high calibre talent companies look for to drive their success further, juggling international employee benefits can be a tough task. Still, the lure of emerging markets …
Health insurance coverage and employee health outcomes
We often hear people in the healthcare sector talk about ‘health outcomes’, but what does it really mean? According to World Health Organization, an outcome is “a change in the health status of an individual, group or population which is attributable to a planned intervention or series of interventions, regardless of whether such an intervention …
Managing risks involved with overseas-based staff
For Human Resources staff, ensuring the safety of your workers heading abroad on overseas assignments means assessing and mitigating the potential risks involved. When it comes to managing risks, securing appropriate insurance can go a long way. Often the things that we perceive as being major threats are the last things that will go wrong; …
Cyber attacks vs natural disasters: Which cost more?
It’s a sad thing to say, but there have been a plethora of storms happening recently. At the time of this article’s writing, much of Houston, Texas is underwater. Hurricane Harvey barreled down upon the city, dumping over 11 trillion gallons of water on the area and causing widespread flooding that has devastated the local …