The best place to start is with a Group Insurance Broker. This is because the number of group insurance carriers in the marketplace has decreased over the years and the remaining insurance companies generally offer coverage through brokers – not direct to businesses.
A broker will get to know your business and search the market to find the right combination of price and coverage. The broker will help you implement the plan and explain the value of the coverage to the employees.
Group Insurance Rate
Business owners, executives, and human resources representatives who are just starting the search for benefits often tell me that they are concerned that group benefits are too expensive.
If you do not have a group plan yet, a good insurance broker will help you with strategies to design and implement a plan that fits your business’s budget. The broker will show you why starting small and adding to the plan as years go on is better than starting with all the bells and whistles. It is far easier to add coverage if the budget permits than take it away.
Maybe you have had a plan in force for your employees for some time and you are frustrated that your prices have gone up? There are strategies to bring costs back in line. If you have had the same plan for several years maybe it is time for some new quotes.
Go back to Group Insurance Canada for articles and information.
Note: Always speak with a licensed insurance professional about your specific situation. This insurance information is general in nature and the policy wordings always take precedence. It is possible that there are errors and omissions in this website and www.canada-insurance-source.com, or its authors, take no responsibility.
Keep in mind that insurance licensing, legislation, and policies often vary by province and most certainly by country. Canada Insurance Source is a free information source. So use this site to gain a general understanding of insurance with your own area and situation in mind. Make sure you review the "please read" page. Always speak with a licensed insurance professional about your specific situation.
Always speak with a licensed insurance representative about your specific situation.
This site is general in nature and there may be errors or ommissions