Offering quality insurance solutions and peace of mind is a great benefit in boosting employee benefits packages. Your employees work hard for you, your business, and your mission, so providing extra security for their family goes a long way in showing you care. Not only will this feature allow you to retain your valuable employees, it can help to attract new ones, as well. Therefore, consider offering these essential Group Benefit Policies for Vegan Businesses to your employees.
There are various types of life insurance policies you can offer your employees. As a whole, you can provide group life insurance, which is a single contract, also known as the master policy, and covers an entire group of people with you – the employer or an entity – as the policyholder. This policy also allows for the employee to choose their beneficiary in the event of their untimely death.
If you run a small vegan operation and can only extend coverage to key-people within your business, we can offer solutions to accommodate you. Term life insurance guarantees your key employees will have life insurance protection for the entire duration of their employment with you. Depending on your financial standing, there are multiple ways to provide this coverage: employer-paid, employee-paid (voluntary), or a combination of the two (contributory). Speak with your trusted insurance professional to find a policy that works best for your business and your employees’ needs.
This key coverage is designed to assist employees with their financial obligations if they are out of work due to a disability. Anything from mortgages and car payments to food and everyday expenses can be covered under this policy, so offering it can be a huge benefit to your employees.
There are many different types of injuries that employees can sustain both on the job and off. According to the Council for Disability Awareness, common long-term disability claims include musculoskeletal/connective tissue disorders (back pain, osteoarthritis); cancer; injuries/poisoning; cardiovascular/circulatory disorders (heart attack, coronary artery disease); and mental disorder.
Depending on your operation and the resources available, you might consider offering short-term or long-term disability solutions to your employees or the executives within your vegan business. Short-term policies disperse benefits to the employee for the specified amount of time whereas long-term policies provide coverage for long term illnesses and injuries that prevent an employee from working for an extended period of time.
About Vegan & Animal Professionals Insurance Agency
At Vegan & Animal Professionals Insurance Agency (VAPI), we specialize in providing quality solutions for vegan businesses of all kinds. We pride ourselves in supplying superb customer service paired with comprehensive and customizable solutions. We will be happy to discuss how your business can provide the necessary coverages to protect your key employees while also benefitting your business. For more information, contact our experts today at (866) 599-8182.