A workplace benefits policy is a form of insurance that can help shield an employee from hardships such as financial insolvency, medical emergencies, disability, property damage and more.
Insurance-based workplace benefits are exactly what the name implies—a form of protection against risk that is typically tied to financial consequences, such as having a job or being unable to work due to illness.
In many cases, companies will self-fund their own insurance plans, while others will pay an insurance carrier to cover the risk of certain contingencies. Examples of workplace benefits insurance include:
Perks are nonfinancial benefits that aim to enhance employee satisfaction, health and safety. [They] can range from discounts on retail products to gym memberships and tuition reimbursement. Examples of perks include:
Our team is standing by to help you make the most of a workplace benefits insurance policy. To learn more, contact us today so we can set up a free consultation and answer all your questions.
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