There are several differences between the two policies, including the option of one bill for all of the insureds on a group policy. With an individual policy, the ownership, decision making and responsibility for premium payment belong to the individual policyholder. With a group policy, the ownership, decision making and payment responsibility belong to the group management. The premium costs vary by state, limit and size of group. Under the corporate entity policy, the employees of the corporation are covered as long as they are named under the policy and providing services for your employment.
Group policies cover named insureds under the policy as well.
The process for receiving a premium indication is dependant upon the number of providers in your group. Our goal is to provide you with the preliminary information within 24-48 business hours. Once you have accepted the premium indication, applications and authorizations are completed, and payment is received, coverage can be put in place. We have monthly, quarterly, semiannual and annual payment plans available.