When it comes to choosing benefits for your employees there are a number of possible combinations, the key is finding the one that fits your small business needs. Here are a few scenarios that may be similar to your situation. We've outlined some sample plans that we would recommend based on your size.
Insurance Solutions to Fit Your Small Business Needs
$650,000 annual sales revenue - 6 employees
Anton has only been operating his home town Italian restaurant for a few years, but he knows that when his employees are happy, his customers have a better experience. Anton decided to provide his employees with dental and vision coverage to build loyalty and keep his best employees smiling.
Average Monthly Cost per employee: $26.44
$800,000 annual sales revenue - 8 employees (+ dependents covered)
Annie started her business after college and has been the main provider for her family for the last few years. She realized how expensive family coverage can be and found that by offering coverage to her employees, she was also eligible to purchase valuable benefits for her family.
Average Monthly Cost per employee: $64.86
$1,200,000 annual sales revenue - 12 employees
Joe cares about his employees. In order to protect their family's when the unexpected happens, Joe offers his employees Short-term Disability & Life Insurance coverage. He sees how hard they work to provide for their families and feels like offering benefits is the right thing to do.
Average Monthly Cost per employee: $7.64
$500,000 annual sales revenue - 3 Employees
Lauren knows that she couldn't have had her most successful year without her most valuable assets, her employees. Since most of them have been with her from the beginning, Lauren felt it was important to provide them with a full suite of employee benefits coverage at an affordable rate.