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Business Solutions Center
Why Offer Your Employees Group Insurance Benefits?
As a business owner, you look to make every dollar count. Here are 5 reasons you might consider group insurance benefits a sound investment for your business.
Take care of your most important asset
You buy insurance for your personal car, home, and other assets. You buy insurance to protect your business assets – property, vehicles, and liability coverage. Valued employees may be your most important asset. Offering your employees strong benefits is an important way to protect and show them how much you are invested in their well-being.
Increase employee satisfaction
Research shows that employees often value benefits over additional salary. By offering benefits such as dental and vision, you build loyalty and keep your best employees happy.
Affordable coverage for yourself
Individual insurance plans may be unavailable or more expensive. Providing coverage to your employees may put valuable benefits in reach for you and your family. Would dental and vision insurance benefit your family? Do you have enough life insurance to provide for your family? Do you need disability insurance to protect your personal income?
As a business owner, you may be able to deduct qualifying group benefit plan premiums as a business expense. Employees may also receive greater value from access to benefits than if you merely increased their pay by the same amount.
It’s the right thing to do
Many workers are not prepared when the unexpected happens. You want to help. Some may call it maternal. Or good corporate citizenship. Whatever the label, you help your employees protect the things that matter most — the physical and financial well-being of them and their families. It’s just the kind of business you want to be.
Group insurance products underwritten by Nationwide Life Insurance Company, Columbus, Ohio. CA COA #7032. Product availability, benefits and provisions may vary by state, and may be subject to state mandates.