Group Benefits
In addition to showing your dedication to your employees, group benefits investments can help you attract top talent, reduce employee attrition, and boost overall business productivity.
Most of company’s insurance must include group benefits. Because Provincial Health Plans (OHIP) may not cover everything, they are intended to provide employees with a variety of insurance coverage options, including health insurance, dental insurance, vision insurance, life insurance, and disability insurance. By providing these benefits, small businesses can attract and retain top talent while also ensuring that their employees are well taken care of.
Group benefits are often less expensive than individual insurance plans, which is one of their main benefits. This is due to the fact that the risk is distributed among a larger population, which makes it more accessible for everyone. In addition, group benefits are often more complete than individual plans, with lower deductibles and broader coverage.
Group benefits may also be tailored to the unique requirements of the small firm and its workforce, which is another advantage. For instance, to assist staff in managing their healthcare costs, a small business owner may opt to provide a high-deductible health plan with a health savings account.
Since each group has different insurance requirements, our agency provides a wide choice of coverage alternatives to meet their needs. There are numerous plans available to you, including
- Basic life Insurance
- Short & Long Term Disability Insurance
- Accidental Death and Disfigurement
- Critical Illness Insurance
- Prescription Medicine
- Vision Care Insurance
- Dental & Oral Care
- Extended Healthcare
- Semi-Private Rooms
- Travel Insurance
Get smart benefit using group insurance for family and friends.
Solutions for Small and Medium business
Since we understand that small and medium-sized enterprises may have different demands than giant corporations, we have created solutions specifically for them.
Group Health & Dental Insurance
Group health and dental insurance is a kind of insurance that covers a group of individuals, usually workers of a business or members of an organization. The goal of this coverage is to give covered people and their dependents access to medical and dental care.
Group health and dental insurance is frequently less expensive than individual coverage, which is one of its key benefits. The reason for this is that the insurance expenses are distributed among a larger number of individuals, which might result in lower premiums. Furthermore, group plans typically provide more comprehensive coverage than individual plans.
Group health and dental insurance is often simpler to acquire than individual coverage, which is another benefit. This is due to the insurer’s ability to diversify the risks of insuring a sizable population, which may make it simpler for them to provide coverage to people who may have difficulties getting individual insurance due to pre-existing health conditions or other circumstances.
In general, group health and dental insurance may be a great perk for workers or members of a business. It may assist in making the cost of crucial medical and dental care more manageable for them.
Group Disability Insurance
A group disability insurance policy is a kind of coverage intended to offer income replacement benefits to workers in the event that they become disabled and are unable to work. Employers usually provide this kind of insurance as a component of their employee benefits package. Worker’s compensation insurance typically covers disabilities caused by work, therefore the policy covers those that are not.
The waiting period before benefits begin to be paid under group disability insurance policies can range from a few days to a few months. The policy may also include a maximum benefit period, which is the length of time that benefits will be paid if the employee stays disabled. Furthermore, the policy will often state the amount of the benefit, which is often a proportion of the employee’s wage.
To support their claim for benefits, an employee who becomes disabled will need to submit medical evidence. The benefits will be distributed regularly until the employee is able to resume work or until the maximum benefit period has passed, beginning with the claim’s approval.
In general, group disability insurance can be a helpful benefit for employees, giving them financial security in the event that they become disabled and are unable to work.