Affordable Care Act
Buy Sell Agreement
Critical Illness Insurance
Employee Assistance Programs
Health Savings Account
Minimum Essential Coverage
Reference Based Pricing
Term Life Insurance
You've worked hard to give your employees the best health insurance plan possible and workplace safety is foremost on your mind. Unfortunately, accidents can happen even in the safest workplaces and this is something you must confront head on. Good insurance can partially alleviate the burden of health care costs for your employees but it does not make up for the lost wages or long-term disability that can come with workplace injury. That's where workers compensation comes into play.
There are countless rules and regulations covering things such as hiring and firing procedures, compensation, anti-discrimination laws, and employee benefits. With such a tangled web of legalities, it's difficult for any one person to handle these compliance issues. However, not handling them opens your business up to liability and ultimately lawsuits. It's best to have an organized process to understand and develop policies relating to these issues. This is referred to as human resources compliance and it's all but necessary in a modern business environment.
As a prudent business owner, you've taken your time to carefully research the best health insurance plans to ensure that your employees are well taken care of.
While you've taken these necessary steps to create a healthy and safe workplace, it's important to realize that accidents do happen, and injuries do occur on the job. In order to protect your company from this liability and pay benefits for workers that have been injured on the job, you need to have workers compensation insurance.
In a recent blog post, we talked in great detail about what a buy-sell agreement is and how it can be funded with life insurance.
Since clients tend to have a number of questions regarding buy-sell agreements, we thought the topic would merit another post on our blog, this time focusing on how a buy-sell agreement is beneficial to a business owner.
You've invested a lot of blood, sweat, and tears into your business over the years, allowing you to build a valuable financial interest in your company. Understanding that you won't be around forever, it's important that you proactively consider your options to ensure your family the smooth sale of your business interests.
One solution to consider is a buy-sell agreement funded with life insurance. In this scenario, the life insurance will provide a sum of money at your death that can be used to pay your family or your estate for your ownership interest in your company.
If you own a business, you absolutely can't afford to not have general liability insurance.
For a quick refresher, general liability insurance covers your business from third-party lawsuits that occur due to bodily injuries or property damage. The referenced "third-party" could be anyone other than one of your employees (customer, business partner, etc).
A great example of when general liability insurance could come in handy would be if a customer slipped on a freshly mopped floor in your store and sustained a bodily injury. If that customer chooses to pursue a lawsuit against your business, you'll want general liability insurance in place to cover the litigation and medical costs. Otherwise, such a lawsuit could put you out of business.
In today's highly digital world, businesses have come to rely heavily on technology. However, as the technology used continues to become more complex and sophisticated, the threat of a cyber attack increases.
What is a Cyber Attack?
A cyber attack is best defined by any attempt made by a hacker to damage or destroy a computer network or system. Professional hackers are very skilled in finding vulnerabilities in systems that lack the appropriate security software and are therefore able to gain access to networks and sensitive data, which often produces devastating results for the targeted companies.
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We believe in revealing the real problem, challenging the status quo, and providing definable solutions.
Summerlin-Roberts uses a professional diagnostic process to help you categorize your needs & prioritize objectives.
We'll identify solutions that will specifically fit your needs. Any recommendations made will support your end objectives.
Once we have executive buy-in, we oversee the implementation of any new technology, solutions, or benefits from start to finish.
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