Health insurance is a crucial factor that a candidate will think about when considering a new position. Although the national labor shortage has diminished, attracting and retaining high-quality candidates for open positions is still challenging. Many companies are confronting this challenge and realizing they must improve their recruitment efforts if they expect talented candidates to apply. A solid way to do this is by offering better benefits — especially health insurance.
How to Pick the Best Health Insurance
Suppose your clients wonder why you should prioritize good health insurance benefits for your employees. In that case, you can provide the following advice and connect them with a staffing employee benefits liability policy.
Make Your Clients Aware of Staffing Employee Benefits Liability
When you’re helping your client find the best benefits for their employees, you should also make them aware of the many liabilities that may emerge when they start offering health insurance to their staff. Most employers provide subsidized employee benefits by deducting a portion of the premium from their staff’s paychecks. It can result in fiduciary liability, as an employer is responsible for appropriately managing their employees’ funds.
Consider What Kind of Coverage Employees Need the Most
Your client may wonder how to find good benefits for employees, and the best strategy is to simply ask staff members what kind of coverage they need the most. Employers can publish an anonymous survey, for example, which allows employees to indicate what kind of benefits are the most appealing. In addition, programs for dental benefits and mental health resources are often popular among employees. Employers should prioritize their staff members’ feedback when shopping for the best health insurance and benefits coverage.
Connect With a Health Insurance Broker To Negotiate Great Deals
One of the biggest obstacles thwarting health insurance coverage is the exorbitant cost of many policies. It is valid for both individuals who are seeking coverage and employers who are negotiating group coverage. Many businesses find it simply too expensive to offer health insurance to their employees. However, partnering with a health insurance broker can solve this problem and give employers access to more affordable rates. Brokers negotiate better rates by securing discounts from insurance companies and passing the discounts along to employers.
Offer the Right Staffing Employee Benefits Liability Insurance
Helping your clients secure the best rates on health insurance is a great way to offer your professional expertise. You should also remind them to secure staffing employee benefits liability coverage so that they do not face exposure to the risks that often accompany benefits packages. This kind of policy can protect against many liabilities, including fiduciary mismanagement, wrongful denial of benefits, and errors and omissions. Serve your clients by helping them find the right health insurance for employees and liability insurance for their businesses.
About World Wide Specialty Programs
For the last 50 years, World Wide Specialty Programs has dedicated itself to providing the optimal products and solutions for the staffing industry. As the only insurance firm to be an ASA commercial liability partner, we are committed to that partnership and committed to using our knowledge of the industry to provide staffing firms with the best possible coverage. For more information about Staffing Professional Liability Insurance or any other coverage, we have available to protect your staffing business, give us a call at (877) 256-0468 to speak with one of our representatives.