Our new world discovered some 18 months ago is bringing with it many more challenges for our Business Communities. These challenges are affecting almost every sector in our economy ranging from the shortage of people cooking our foods, serving foods, cleaning rooms, building fences, running ships, saving our animals, repairing our homes, and so much more.
Are you as an employer feeling the pinch?
Have you resorted to paying more for wages than is sustainable?
Is doing so stabilizing your work force or simply costing you more money?
Are you having to close early? Close full days? Or worse, have you considered, or already shut down operations?
We'd like to suggest a potential solution for you to consider.
Does your business offer Group Insurance Programs to your employees? Would it be safe to assume that doing so would potentially lengthen employment relationships in your favour? Would offering a benefits plan be seen by your employees as....a benefit to them? Might they look forward to the odd Massage through the year? Or, financial support for needed dental work? Might your employees be dealing with medical issues outside of your knowledge?
Could now be the time to investigate what a Group Insurance Plan could do for your business, your employees, your stability in a most volatile marketplace?
Some facts about the Chambers Group Insurance Plan; and yes there are others out there. Investigate your options!
- The Chambers Group Plan is Canada's #1 Group Benefits Program
- A solo business will be rated based on its usage of most Group Insurance Plans however that same solo business, if covered under the Chambers Plan is pooled along with other similar businesses throughout the Country. Rates (increases) are based on the pooled results not the results from X business alone.
- The Chambers Group Insurance Plan is operated as a NOT FOR PROFIT meaning any excess funds are placed back into the pool in order to maintain rates and/or reduce premium increases
- Some options within the plan. *
- Extended Health Care
- Prescription Drug Coverage
- Paramedical Services with up to $600.00 pp per practitioner. IE: Podiatrists, Physiotherapists, Audiologists, Acupuncturists, Speech Therapists and much more
- Vision Care of up to $200.00 pp
- Dental programs including options such as Major Work, Orthodontics and other
- Critical Illness plans are available within the Chambers Plan. These include the potential for lump sum payments for persons who receive bad news and need some good news to follow.
- Employee Assistance Programs
- Short and Long-term Disability Programs
- Life Insurance including options for Spousal Life plans
- Business Overhead Expense coverage. This helps those businesses (that have the insurance) offset, or partially offset ongoing costs such as Mortgage, Rent, Leases etc. the program is designed to assist when ownership has to bow out due to illness or injury thus affecting the viability of the organization.
- Group Retirement Plans
- Travel Plans that many suggest are best in market.
There is little doubt that organizations that offer a Group Insurance Plan have the advantage over those that don't. These plans are a financial cost to the organization but the investment in employee health, safety, and long-term security, is, in our view, well worth the investment.
If you are worried about the potential of being declined because you or your employees have a medical concern please know that the Chambers Group Plan is guaranteed for firms with 3 or more people covered. This is another reason why many organizations look favourably at the Chambers Group Plan. Employers with less than 3 employees will undergo medical assessments in order to ensure coverage.
You insure your car, your home, your boat; should you insure your employees?
If you'd like a quote or more information please contact our office at your earliest convenience. Note that in order to considered for the Chambers Group Plan your business must be a member of the Chamber of Commerce. AVCOC's Members are serviced by AV Financial for this program.
*Deductibles typically apply
