Many industries and trade associations have self-insurance funds that pool premiums of participating employers to obtain better coverage rates for their members. Costs are also directly affected by the employer's loss history, so it's ethically and financially wise to take precautions to prevent employee injuries. Employee Health Health insurance coverage contributes to the well-being of your work force. It is an important employee benefit that can help you to recruit and retain quality staff. This coverage is usually provided on a group basis, and must include full-time employees without discrimination.
Employers can select from a variety of health care plans.
Private indemnity plans give employees access to any facility and provider they choose, but usually result in higher premiums. These options provide affordable alternatives to employers, with a limited reduction in benefits. The coverages described above will apply to most small businesses, but they may not address all of the risks that you face. You need adequate insurance coverage of many types to operate a successful company in today's business environment. After assessing your needs and purchasing appropriate insurance, be sure to review your policies periodically to make sure that the coverage is still adequate and appropriate.