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Should my Small Business offer Insurance to Employees?

As small business owners, we understand the challenges of keeping track of every detail. However, don't let Employee Benefits - also known as Group Benefits - be one detail left behind. With an Individual Health Insurance System that is turbulent, America is depending on insurance through employers.

Are you providing for your business family?

Employees of a Small Business

Health & Life Insurance employee benefits include:

  • Health Insurance

  • Life Insurance

  • Supplemental Health Insurance

While most clients know about the first two, Supplemental Health Insurance can help with doctor bills, hospital stays and even some nonmedical expenses if you're dealing with an accident, disability, cancer or critical illness - and at a fraction of the cost of Health Insurance. An example set of coverages under an Accident Supplemental Health Insurance plan include:

  • Hospital Confinement

  • Intensive Care

  • Dislocation/Fracture Benefit

  • Ambulance

  • Accident Physician Treatment

  • X-Ray

  • Urgent Care

  • ER Services

  • Outpatient Physician's Treatment & Preventive Care

The upsides of Employee Benefits include:

  • Offers group benefits, optionally with no cost to the organization

  • Lets employees/members know they’re valued – and helps protect their families

  • Helps organizations attract and keep great people

  • Hassle-free payment through payroll deduction

  • Reduction in workers comp claims given Health Insurance coverage

Let's take a closer look at one example.

Grange Insurance: Voluntary Life Insurance

Grange Insurance offers voluntary worksite life insurance through their Sensible Benefits program. Highlights include:

  • Up to $100,000 of affordable term or whole life coverage

  • No medical exams, needles or lab tests

  • Coverage also available for spouses and children

  • 100% portable – they can take the policy with them if they leave the organization

Moreover, organizations have loose qualification guidelines. Not only is the product offered to standard small businesses (i.e. LLCs or Corporations), but also organizations such as:

  • Clubs - like Toastmasters

  • Homeowners Associations

  • USTA Tennis Teams

Learn more about Grange Life Insurance.

Be your Employees' Champion:

Enroll in Group Benefits


While this blog provides general guidelines to car insurance, ensure you speak with your trusted adviser to choose coverage that fit your needs.

With humble beginnings insuring central Ohio's farming community, today Grange serves policyholders across 13 states. With an "A" Excellent rating from A.M. Best spanning 50 years, and $2 billion in assets, Grange has the strength and stability of a large insurance carrier, but with the local, personalized service of a small company.

Paul Hundal, Insurance Agent of Fenix Risk Management

Fenix Risk Management is an independent insurance agency proudly

serving families & businesses in Georgia, Alabama, North Carolina, South Carolina, Tennessee, and Florida.

Paul is an adviser at Fenix Risk Management.

Note: the opinions expressed in this blog are that of the author, not of any individual or organization referenced.

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