Business Solutions

   Group insurance health plans provide coverage to a group of members, usually comprised of company employees or members of an organization.   A group benefits plan helps employees cover the cost of  things that provincial health care plan may not pay for, including certain prescription drugs, dental, hospital, vision, paramedical and ambulance services. You can also combine your group benefits plan with a retirement and savings plan to help your employees reach their financial and retirement goals.    Group health insurance plans are one of the most affordable types of health insurance plans available. Because risk is spread among insured persons, premiums are considerably lower than traditional individual health insurance plans. This is possible because the insurer assumes less risk as more people participate in the plan. For employees who ordinarily would not be able to afford individual health insurance, it is an attractive benefit. 

Key person protection uses life and Health insurance policies to help you protect your business from the costs that result from unforseen death, illness or disability of a key person in your organezation . 

Key person insurance offers a Financial cushion if the sudden loss of a certain individual would profoundly negatively affect the company's operations. A policy that a company purchases on the life or heaith of an owner or another individual considered critical to the business. The company is the beneficiery of the policy and pays the premiums. 

The benefit essentially buys the company time to find a new person or to implement other strategies to save (or shut down) the business.

To determine whether a business needs this kind of coverage, company leaders must consider who is irreplaceable in the short or long term. In many small businesses, it's the owner who does most things, such as keeping the books, managing employees, handling key customers, etc. Without this person, the business can come to a stop.