Accommodating Small Business and Big Business Insurance Needs

Having your very own business is something that just about everyone thinks about at least once or maybe even fantasizes over time and time again. While some succeed, some fail and others don't even try. Part of the concern for those that have started and those not yet ready is how to understand and create the right set of benefits and insurance coverage to sustain and protect the business as well as attract talent.

Business insurance is a critical part of every business with employees both large and small, so this blog provides some great ideas on what you need to consider as a business owner.

The Benefits of Benefits

On the benefits side, one area to include is insurance for your employees, such as health and sometimes vision and dental. More than anything, these benefits serve as an incentive to gain new employees and keep talent on board. Sometimes, having medical coverage is more attractive than getting a raise in an hourly rate or some type of bonus.

That’s because going to the doctor and dentist can be expensive, so having this additional financial support can give employees peace of mind that they can take care of themselves and their families.

For you, as the employer, you know that a healthy worker is a happy and productive worker, so these types of benefits pay great dividends.

Qualifying for Business Insurance Plans

With so many small businesses now helping our economy grow and thrive, insurance companies recognize the importance of providing business health insurance plans for even the smallest of companies.

A number of these firms offer multiple packages and full support to small businesses, especially with the growing popularity of companies offering health care benefits to their employees. A small business, in the insurance world at least, is decided by its number of employees.

Typically, 2-50 employees defines a small business, and 51 or more employees a large business, with the numbers ever increasing beyond that.  Small business health insurance plans cover a small business and its 2-50 eligible employees, and a large business health plan would cover any employee amount over 51 with obvious increases in fees to accommodate the additional employees.

There are also many flexible plans that allow a small business owner to offer other insurance benefits, including dental, vision, and life insurance, which many employees will also enjoy having as these can help cover other important areas that they may be concerned about handling on their own.

Albuquerque's Small Business Owners

Linton and Associates is an insurance firm that has been working to please clients just like you since 1988 and now has over 1,000 clients! We are locally owned and still deeply rooted in the community. Let us know what type of business insurance needs your small business has so we can provide a wide range of suitable options that fit your company size and budget.