Insurance Services

Insurance Services

Group 5

Are You Paying Too Much for Employee Benefits?

With our competitive rates and broad network of carriers, we will find the right employee benefits solution for your company and save you money.

Providing your employees with a competitive insurance package can incentivize them to stay on the job. However, do you know when you are paying too much for these benefits? It may be in your company’s best interests to shop around for the best rates. 

It can be a delicate balancing act providing the right combination of benefits to your employees while ensuring that it is cost-effective for your company. Our insurance services at Tesseon can help you achieve this balance.

Health Insurance

One of the most important aspects of employee insurance is health insurance. This includes dental and optical insurance. There is typically a limit to how much each employee can claim, and your company may also choose to extend this coverage to immediate family members of each employee. 

Health insurance helps to pay for the cost of treatment for medical conditions or illnesses. However, this may not cover every condition out there, making it important for your company to consider the type of coverage you wish to provide for your employees.

Property & Casualty Insurance

Property & casualty insurance is a must both for protecting both your business and your employees. In the case of situations such as a fire, theft, or an automobile accident resulting in injuries and/or damages, you will be able to make a claim against this policy. 

It also helps to cover liability, whether that is personal or professional. For instance, if an employee suffered injuries due to negligence on the part of your company, property & casualty insurance can go towards paying for liability.

Workers’ Compensation

Depending on the industry you are in, workers’ compensation insurance can be necessary. This type of insurance helps to provide medical benefits and wage replacement to employees who sustain injuries on the job. 

Some benefits that workers’ compensation can extend to employees include medical expenses, disability benefits, the cost of rehabilitation, and death benefits for family members in the case of a fatality.

Umbrella Insurance

As suggested by its name, umbrella insurance is an additional type of insurance that covers you beyond the limits of your existing policies. It can be worth considering if your company operates within a high-risk industry, such as construction. In the case of serious property damage or injury, an umbrella insurance policy can help to protect against financial fallout.

Cybersecurity Insurance

Cybersecurity insurance, also known as cyber insurance, is in place to cover the losses that can result from the loss of information from a network or IT system. As a business in the 21st century, chances are that you rely on an IT infrastructure to some extent. When these systems fail, your business operations stand to be interrupted and you stand to make a loss. 

Cyber insurance can help to cover some of the losses relating to such situations, which can include paying your employees.