Talk to our Licensed Insurance and Investment Agent
Talk to our Licensed Insurance and Investment Agent
By investing in Group Benefits, you can lower employee attrition, draw in top talent, and increase overall business productivity while also demonstrating your commitment to your staff.
Group benefits are an essential component of small business insurance. They are designed to provide employees with various forms of insurance coverage, such as health insurance, dental insurance, vision insurance, life insurance, and disability insurance as Provincial Health Plans (OHIP) may not cover everthing. By offering these benefits, small businesses can attract and retain top talent, while also ensuring that their employees are well taken care of.
One of the most significant advantages of group benefits is that they are typically less expensive than individual insurance policies. This is because the risk is spread across a larger group of people, making it more affordable for everyone. Additionally, group benefits are often more comprehensive than individual policies, with lower deductibles and more extensive coverage.
Another benefit of group benefits is that they are often customizable to meet the specific needs of the small business and its employees. For example, a small business owner may choose to offer a high-deductible health plan with a health savings account to help employees manage their healthcare expenses.
Our agency understands that every group has unique insurance needs, which is why we offer a comprehensive range of coverage options to cater to those needs. You can choose from a variety of plans, including
These plans are offered by our partnered life insurance companies.
Call 1800-666-0483 to speak with our licensed insurance advisors right away or email us at info@vertexinsurance.ca to book an appointment.
We have developed solutions especially for small and medium-sized businesses since we recognize that their needs can differ from those of large organizations.
Group disability insurance is a type of insurance policy that is designed to provide income replacement benefits to employees in the event that they become disabled and are unable to work. This type of insurance is typically offered by employers as part of their employee benefits package. The policy provides coverage for disabilities that are not work-related, as these are typically covered by workers’ compensation insurance.
Group disability insurance policies typically have a waiting period before benefits begin to be paid out, which can range from a few days to several months. The policy may also have a maximum benefit period, which is the amount of time that benefits will be paid out if the employee remains disabled. In addition, the policy will typically specify the amount of the benefit, which is usually a percentage of the employee’s salary.
When an employee becomes disabled, they will need to provide medical documentation to support their claim for benefits. Once the claim is approved, the benefits will be paid out on a regular basis until the employee is able to return to work or until the maximum benefit period is reached.
Overall, group disability insurance can be a valuable benefit for employees, providing them with financial security in the event that they become disabled and are unable to work.
Group health and dental insurance is a type of insurance coverage that is provided to a group of people, typically employees of a company or members of an organization. This coverage is designed to provide medical and dental benefits to the covered individuals, as well as their dependents.
One of the main advantages of group health and dental insurance is that it is often more affordable than individual health and dental insurance. This is because the costs of the insurance are spread out over a larger group of people, which can help to lower the premium costs. Additionally, group plans often offer more comprehensive coverage than individual plans.
Another advantage of group health and dental insurance is that it is typically easier to obtain than individual insurance. This is because the insurer is able to spread the risk of insuring a large group of people, which can make it easier for them to offer coverage to individuals who may not be able to obtain individual insurance due to pre-existing conditions or other factors.
Overall, group health and dental insurance can be a valuable benefit for employees or members of an organization. It can help to provide them with important medical and dental coverage, while also helping to make the cost of that coverage more affordable.
Disclaimer : Vertex Insurance and Investments Inc. is an insurance agency licensed to sell life and travel insurance products in Ontario. Our website’s content is tailored towards Canadian residents and visitors coming to Canada. Any variations between the rates mentioned on our website and shown in the specific company’s software, the latter will be considered final. Please see the policy documents for full disclosure of the terms, conditions and exclusions. The logos and the trademarks used on the website are owned by the respective entities.
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