Top Reasons to Offer Employee Benefits

In the last few years, there have been significant changes in the job market. Now to retain quality employees, you need to offer a great salary and employee benefits package. It may not be readily apparent, but employee benefits help save you time and money.

Helps to Retain Employees

When you hire and train an employee, you invest in them. When that employee leaves, you lose on that investment. A good benefits package can help keep your employees happy and therefore keep them working for your company.

Attracts High-Quality Employees

Great benefits attract great employees. It gives you the chance to be choosey when reviewing candidates because you will have more applicants. It also attracts well-trained workers to your company. They will pass up a company that does not have the perks or benefits in favor of a comprehensive benefits package with the same or less compensation.

Healthier, Happier Employees

With benefits like health insurance and paid time off, you will have healthier employees. Healthier employees are happier and more productive. A healthy, happy employee works harder, does more, and is more likely, to go above and beyond for their employer. They are usually over 20% more productive than unhappy employees.

You don’t have to break the bank to offer top benefits to your employees. These benefits pay for themselves in employee retention and increased employee productivity.

Welding Risk Management for Businesses

Welding is the technique of joining pieces of metal together with heat. Because so many pieces of equipment and machinery are made of metal, welders are essential to industries such as construction, manufacturing, oil and gas, shipping, and more. While many companies could not do business without hiring welders, owners and managers must think realistically about the inherent risks of this dangerous profession.

Welding Injuries

Welders certified by the American Welding Society or the American Society of Mechanical Engineers are highly skilled and have received training in safe techniques and the use of appropriate personal protective equipment. Unfortunately, however, serious welding injuries are still common, even among those with years of experience. Potential dangers include the following:

  • Blindness
  • Electric shock
  • Burns
  • Manganese poisoning

Risk Management

Business owners and managers must prioritize injury prevention by providing adequate PPE and maintaining a safe working environment. They also must maintain liability insurance to cover potential injuries. This type of coverage does not just protect the workers but also safeguards businesses from financial loss through subsequent medical bills and legal fees.

You can’t avoid hiring welders, because they likely form an integral part of your team. Purchasing general liability supplemental insurance is one of the best ways to manage the risk that comes with employing them.

Important Considerations about Life Insurance

A life insurance policy offers invaluable peace of mind to you and your loved ones. Navigating this field can be somewhat complicated, s it’s important to give your coverage election careful consideration.

Craft a Plan to Meet Your Needs

Simply having a life insurance plan doesn’t signify that your family is adequately provided for. You shouldn’t be wholly reliant on an employer-sponsored policy if you know that it doesn’t offer the coverage that your family would need. Try to be pragmatic about calculating what your family would need to continue living comfortably for an extended period of time that is greater than just a few months. Consider that they may be faced with additional unexpected costs such as medical care, final expenses, or unpaid obligations.

Work With an Experienced Insurer

If you need to get help from life insurance professionals in Richmond VA, reach out to a company that can provide you with a range of options rather than electing a one-size-fits-all plan. They can advise you about the differences and benefits of various plans.

  •       Term life insurance
  •       Whole life policy
  •       Universal life policy
  •       Survivorship policy

Safeguarding the people who you care about most is an important responsibility. Get expert help to attain affordable life insurance coverage with terms that are easy to understand.

The True Cost of Owning a Boat

Owning a boat is the dream of many water-loving adventurers. Purchasing a boat should be an informed decision. While you many doubt your Loe for the water, there are many more things to consider and weigh before your purchase, such as the real cost of boat ownership.

Slip Fees or Storage

You don’t get to leave your boat in the water for free. Keeping your boat at a marina will cost you a monthly slip fee and these can vary greatly by the marina. It could be as much as a car payment. 

Unless you have a large boat pad, storing the boat on your property probably isn’t an option either. The marina offers dry storage, which might be more affordable than a slip fee, but is still going to be a monthly payment. 

Insurance

Just as you need insurance on an automobile, you need coverage for your boat as well. You’ll want to protect it on and off the water, but you’ll also want to protect yourself from liability, as accidents can happen on the water, too. 

Other Expenses

Other expenses that you’ll incur when you own a boat include

  • maintenance and repair costs
  • gasoline
  • a trailer to tow the boat

Talk to other boat owners and see what other things you might need to consider. Deciding whether or not boat ownership is right for you should be based on gathering the facts. 

Adding a Health and Wellness Program to Your Business’ Benefits Package

A program that is intended to promote individuals’ health and wellness is an excellent addition to any company’s benefits package. This type of program can create a healthier and more productive workforce while also making other benefits administration more cost-effective. Ultimately, a programmatic approach to supporting employee wellness can offer your business several distinct advantages.

Reduced Absenteeism

When health and wellness programs result in employees developing healthier lifestyles, they will be less likely to develop a serious medical condition or sustain an injury. Consequently, employees may need to take less time off of work than they would without having utilized the benefits of this type of program.

Enhanced Productivity

A health and wellness program benefits will give employees access to benefits that can improve overall health such as nutritional counseling, smoking cessation support, or a fitness club membership. With better physical and mental health, they can work more productively. Employees will be better able to make their work product match their work ethic, and they’ll be less susceptible to distraction or fatigue.

Wellness programs are a smart and affordable investment in your workforce’s well-being. Your team will genuinely appreciate their company cares about their health, and you’ll promote a positive and productive company culture where employees feel valued as individuals.

Extend Protection to Contractors through Builders Risk Insurance

Every contractor knows the risks involved in a construction project. Hail could damage construction equipment. Vandalism can destroy the property. A rogue fire could cause a project to shut down for weeks. With all of the potential liabilities associated with a construction project, it is important for contractors to have builders risk insurance for protection.

What Does Builders Risk Include?

Coverage extends to a wide number of areas, including:

  • Theft and vandalism
  • Lightening
  • Fire
  • Accidents involving vehicles

Not every risk is covered with this particular type of insurance. For example, flooding and earthquakes are usually excluded. It is also important for contractors to take with an insurance agency before acquiring builders risk insurance to determine the full extent of coverage.

Asking for an Extension 

Depending on the situation, it is possible for contractors to ask for an extension on coverage. This is applicable when a project is shut down after an accident occurs or when construction is halted due to damaged property or equipment. No two incidents are the same, so contractors should work with their insurance agent to determine how builders risk insurance can best work for them. There is no way to avoid the various risks involved with construction, but protection is available through the coverage provided by builder’s risk.

The Value of In-Home Physical Therapy

A full spectrum of excellent home care for an individual with an acute injury or a chronic medical condition may include in-home physical therapy. There are several significant benefits of incorporating physical therapy into home health care services.

Facilitate Consistent PT

Home health care PT can help people maintain consistency with their PT regimens. When most people go to facilities for PT, they’re assigned exercises to perform at home. Having a regular care provider monitor all facets of PT including daily exercises that aren’t part of an intensive physical therapy session can ensure that they’re performed correctly and consistently.

Create Easy Access to Ongoing PT

When people have a health condition or age-related mobility restriction, it may be difficult to get to and from a PT facility. When PT can take place in someone’s home, it eliminates a considerable barrier to getting PT treatment on a regular basis.

Provide a Vital Service Covered by Insurance

Many health insurance programs including Medicare will entitle a plan to in-home PT. They may be more likely to take advantage of this important benefit when they’re able to do so concurrently with other medical care in their homes.

In-home PT from a licensed care provider can have several key advantages. Ultimately, it can help individuals better manage underlying medical conditions and enjoy a better quality of life.

Know the Difference between PLI and GLI

Public liability insurance is an important form of protection for the companies who need it, but deciding whether or not to add it to your general liability insurance can be a hassle if you’ve never dealt with this kind of business insurance before. The difference between coverage types can be hard to spot since general liability protection includes public liability coverage. It also includes many other types of liability, like third party liability for damages related to the workmanship of your products or to services like repairs. For some businesses, the public liability coverage in a general policy is enough, because they only infrequently have guests on-site and their facilities are not open to the public.

When Businesses Need PLI

Adding PLI means taking out extended coverage for that portion of your general liability insurance. It’s designed to make sure your general policy doesn’t hit an annual cap due to claims in this area, so you are not left unprotected in the other areas it covers if you’ve got a large claim or several claims that take you to the general liability coverage cap. This helps you avoid overbuying the general policy. PLI policies almost universally require an existing general liability policy to be valid, because this insurance is meant to extend your protection. It’s not a replacement for general liability insurance.

Your Insurance Company Will Benefit From SEO Strategies

You may have heard of the term SEO when it comes to marketing your insurance business, but do you know what it means? An acronym for search engine optimization, SEO involves a series of practices and efforts made across networks and platforms to help people find your company online. Your company will benefit from solid SEO strategies. Here is how to get started.

Customize Your Strategies

When it comes to SEO campaigns, one size does not fit all. Your insurance business needs decisions tailored to your industry and niche. Devising practical yet successful SEO strategies might seem too difficult, but specialized insurance SEO companies take the weight off your shoulders. These experts develop campaigns customized to your business and audience. Your digital content will rank high in searches and encourage click-through and conversions.

Connect With Customers

When SEO strategies are in place, stay in touch with customers. Today’s consumers expect contact with businesses. Fortunately, technological advancements make it easy to get personal. Platforms to use include:

  • Social media—Facebook, Twitter, Instagram, and YouTube are all great ways to connect with consumers.
  • Email—Regular updates and newsletters keep people in the loop.
  • Blogs—Well-written blogs can establish you as an industry expert.

Well-executed online strategies give your insurance business a big boost. Good SEO campaigns help you grow your company in ways you may not have thought possible. Good SEO makes good business sense.

Federal Coverage Demands for Non-Seamen Employed on Waterways

The federal government plays a part in protecting the employees across the nation, whether they work on land or sea. The United States Longshore and Harbor Workers Compensation Acts is applicable to maritime employees whose primary place of employment is maritime water that is in or adjacent to the United States. This act usually renders these employees ineligible for workers’ compensation benefits at the state level, nor are they eligible for coverage under the Merchant Marine Act or the Jones Act. These individuals are not considered seamen.

Filling the Coverage Gap

The USL&H requirements for coverage exclude:

  • Sailors
  • Seamen
  • Masters and crews of any ship, vessel, or watercraft

These individuals are eligible through the other maritime laws and acts, and without the USL&H, those who work to build or repairs vessels and load and unload them would be left without coverage. The requirements of the act extend protection to those who perform an operation on or over navigable waters, including harbor workers, ship repair personnel, shipbuilders, harbor and longshore workers, and shipbreakers. Areas of operations could be a dry dock, terminal, pier, wharf, marine railway, or facility used to build, repair, or load ships.

Failing to provide compensation to an injured employee covered by the USL&H requirements could lead to heavy fines, a misdemeanor conviction, and time in jail. The entire company could face litigation, costing millions in defense costs.