Most people know that group insurance plays a role in the life of a successful company. However, it’s not uncommon for people to assume that it is just health insurance benefits that matter. There are several types of insurance that are key to successful companies, and many of these are available in benefits packages that include several products. Robert Rosenkranz
is an example of a professional who has helped revolutionize how companies approach insurance.
Life insurance is a product that’s a necessity for virtually every employee. The main reason most employees prefer having life insurance is to provide for their families in the event of their death. Another advantage of life insurance
is that, depending on the sort of policy involved, it provides an asset that holders can borrow against. Those who have a dependent spouse or children to think about consider life insurance one of their smartest decisions.
One type of insurance that many people haven’t heard about is absence management insurance. Many employees have concerns about absence events that may impact their ability to earn an income. Income replacement programs not only benefit the employees who use them, but also the companies that need a solution that works for their goals, too. A comprehensive solution makes things easier for both employers and their employees during these difficult times.
Companies with employees have a need for workers’ compensation options. When an employee gets hurt on the job, this coverage gives them the help that they need while they are out of work. Many companies benefit the most from carrying workers’ compensation policies in conjunction with other policies.
Another aspect of insurance coverage that many companies seek is disability coverage. Many people will find themselves in need of coverage for either short or long-term disability. One of the good things about this coverage is that it allows employees to have an income while they are unable to work due to an injury or illness. The best policies for the job adapt to changes in the market.
Commercial auto coverage is very important for companies that maintain fleets of any size. Vehicles that companies own are frequent targets of legal action, regardless of what circumstances caused an accident. Companies that have solid policies protecting their fleet can enjoy the peace of mind knowing that they are less likely to take severe losses.
General liability policies are also essential for companies that want to take advantage of full legal protections. As modern society becomes more litigious, companies have a need to make sure that they have every available protection from those looking for financial gain from a lawsuit. There are several possible threats that liability insurance provides protection against, including lawsuits.
All of the types of policies commonly used in the workplace help companies keep costs down by minimizing liabilities. Some types of insurance are legally mandated while others help provide greater peace of mind for those involved in making crucial decisions. When companies buy their necessary insurance products from the same provider, they benefit from knowing that they will have a consistent experience. Companies that offer better packages to their employees and offer a full range of protection for their assets benefit from their insurance choices.