What is self-insurance?
In self-insurance, the business itself pays a portion of all of the expenses of an employee, similar to a traditional…read more
What kinds of life insurance are available for employees?
An employee’s beneficiaries can collect death benefits if the employee dies before retirement. There are two common types of life…read more
What disability benefits are provided to employees?
Disability insurance provides replacement income for an employee who becomes disabled and cannot work. There are two types of disability…read more
What types of medical plans are available for employees?
Plans fall into 2 categories: fee-for-service, and prepaid. There are several different types of insurance plans available. Indemnity plans/insurance: Each…read more
What should small business owners know about employee benefits?
You must pay for certain legal benefits like Social Security, worker’s compensation, and unemployment insurance. Health insurance, life insurance, disability…read more