What Does Workplace Benefits Insurance Cover?

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:

• Life
• Critical illness
• Disability, including short and long term disability
• Hospitalization / major medical
• Dental care – Health

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:

• Childcare
• Employee Assistance Program (EAP) – Health
• Loyalty programs / rewards
• Parking
• Wellness

How Can I Learn More?

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.