What Business Insurance needs should I be considering?
The business world is one of great opportunity but all too often a world of risk. There are however a range of mitigation strategies available many of which most businesses are blissfully unaware of, until it is too late. As a minimum most companies have their commercial properties covered for fire and theft but rarely have coverage for their most important assets....their employees.
A plethora of plans are available to keep your employees happy and healthy, promote staff retention or simply cover the impact on your business of the loss of a member of staff upon whom the sucess of the business depends.
Employee Benefits
Your benefits plan is probably your most important element in staff retention. If you don't yet have one then now is the time. As a Benefits Consultant we will ensure the following:
- A comprehensive, "needs assessment" review is provided and the most cost effective plan selected
- Benefits are extensive and claims are dealt with in a timely fashion
- Employee's fully understand and appreciate the value of the plan and their employers role in providing
the plan
- Comprehensive support to plan adminstrators to minimize costs and disruption
Group Pensions
In these days of economic uncertainty there is no further need to emphasize the necessity of saving for a rainy day and group pension plans provide an exellent way to demonstrate to your staff that you have their long term interests at heart. The following options are available:
- Group Registered Retirement Savings Plans (RRSP)
- Deferred Profit Sharing Plans (DPSP)
- Registered Pension Plans
Defined Benefits Plans
Defined contribution Plans
In addition to group pension and employee benefits plans there is also risk mitigation insurance such as key person insurance to compliment succession, health and welfare planning and various trusts.
MAP can help you chart you path through the complex range of commercial insurance products available and help to arrange the optimum coverage for your business at the lowest possible insurance rates.