Mployer Advisor Blog

The Current State of Benefits Benchmarking The ability to attract and retain top quality talent has increasingly become a major priority among employers operating in an increasingly competitive labor market, and few tools have proven more effective at properly incentivizing current and prospective employees than ro...

The jobs report released by the Bureau of Labor Statistics on April 3, 2021 shows very solid gains in the job market that significantly surpass most economic forecasts and bode well for the proposition that the quickening pace of our recovery is indeed sustainable. With the unemployment rate dropping to 6% (down .2...

Few things are more important than keeping your employees healthy and happy. But when it comes to offering benefits that protect them, businesses often wonder how to navigate the landscape of voluntary benefit plans. Voluntary benefits, otherwise known as supplemental insurance, are benefits offered by companies th...

Businesses looking to manage risks have many commercial insurance policies to consider. The key to procuring the right amount of coverage is knowing your liabilities and understanding which types of business insurance are required. Business insurance is required for every company, but the types of coverage necessar...

Commercial insurance is an essential piece of protecting your small business’s operations and employees against potential liabilities. By understanding your liability insurance options and purchasing the right policies, you can protect your assets and your employees against legal claims and other damages. The cost ...

For employers looking at insurance options, cost can be a major factor in your decision. For some required types of insurance, like disability, you might wonder how much these policies cost employers. The cost of disability insurance for employers depends on the type of business, amount of employees, age, gender mi...

Property and casualty insurance policies help protect your business against damage, financial losses, legal claims and covered perils. But finding the best coverage means paying a broker or advisor, and many companies wonder how property and casualty insurance agents make commission. A property and casualty insuran...

The past year has made many businesses worry that they will become the next to be impacted by bouts of civil unrest, riots or looting. You might be wondering if insurance will cover the damages that could occur at your properties. Fortunately, most standard commercial insurance policies cover the cost of damage ass...

An insurance broker can save money for your business by procuring better rates and coverage than you could find and purchase on your own. And the best part? The insurance company usually pays them commissions – not you. But many businesses wonder if brokers have a fiduciary duty to serve in their best interests. Th...

Every year, open enrollment allows employees to elect or change benefit options available through their employer, including healthcare benefits, life insurance, disability benefits and other voluntary or employee paid benefits. But the opportunity comes just once a year, so many employers wonder if employees have opti...

Small businesses have many options to consider for health insurance benefits, including their impact on business taxes. Plenty of business expenses are eligible for tax write-offs, so many employers wonder whether health insurance premiums can be deducted. Fortunately, small businesses can deduct most of their heal...

Health insurance and benefits are complex for many businesses, and they can certainly get expensive. Most companies benefit from choosing a benefits broker who is as invested in your company as you are. How do you find the best benefits broker to meet your unique needs? To choose a benefits broker, you should lo...

To manage insurance and benefit costs, employers often structure their benefits plans to differentiate employee populations regarding their level of benefits. Part-time employees generally are not eligible for benefits, but many businesses often have questions about the eligibility requirements for temporary and seaso...

For many insurance and benefits needs, you may be considering or evaluating an insurance broker.. But you might also wonder if you have to pay an insurance broker for their services? In most cases, you do not directly pay an insurance broker. Brokers are typically paid commissions by the insurer based on your polic...

Efficiently running your company and keeping costs down is difficult enough without wondering how much to spend on business insurance. For many businesses, an insurance broker offers you more time and more savings. An insurance broker can save your company money by procuring better rates and protection on insurance...

An insurance broker can save you a lot of time but can they save money for your business, compared to  going directly to insurers? The short answer is yes. Insurance brokers get better rates by leveraging industry expertise and insurer relationships to find the right policy with proper coverage at appropriate costs...

Using an insurance consultant, advisor or broker to find and implement the right insurance policies for your company is a good way to save time and money. But how do you know when to hire one? Some insurance brokers offer strictly brokerage services, finding the best insurance and benefits policies and assisting wi...

Insurance policies and useful benefits are key to protecting your business and employees against unforeseen circumstances. To find the best insurance and benefits, many companies use a broker or advisor who knows what they need and can get the best rates. An insurance broker is a licensed professional that helps yo...

While brokers can save you time and money, they are compensated for their services. Not all brokers are made the same, and the commissions or fees they collect may be different. Insurance brokers typically are compensated a commission fee based on a percentage of the policy premium. The commissions are usually paid...

As regulations and business expenses rise, so has the value employers place on advice about insurance and benefits. Insurance consultants and advisors are sought for many risk management and insurance services.  The hourly fees for an insurance consultant depends on the size and complexity of the insurance policy b...