Choosing The Right Health Insurance PlanChoosing The Right Health Insurance Plan


About Me

Choosing The Right Health Insurance Plan

Hello, my name is Eric Coleman and I've written this blog to inform others about health insurance. Purchasing this type of insurance can be confusing, but it is very important that people know exactly what their insurance policy covers. When I was ready to purchase my health insurance, I didn't have any idea about what type of coverage I needed. Before I visited an insurance agent, I did hours and hours of online research to learn insurance terms and to find out about the kinds of policies that are available. The insurance agent also answered my questions so that I would fully understand what I was buying. Since getting the right health insurance is so important, I decided to write this blog to help others understand what type of policy they need and what is covered.

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5 Ways Workers' Compensation Coverage Helps You Keep Good Employees

Workers' compensation is a necessary part of being an employer. But can it help your business recruit and keep quality employees? Yes, and here are a few ways it does just that. 

1. Healthier Employees. Workers' compensation coverage is designed to get employees back to health after an accident or illness. While this is good for the employee, it also means you have a healthier workforce that is able to return to work and be productive sooner than those with no resources. This is particularly important if you cannot afford to provide more health benefits to employees. 

2. Better Word of Mouth. What do current and former employees say about you as an employer? Do they recommend to friends and family that people should work with you? Or do they warn off others, calling you a bad employer? Certainly, if you fail to provide adequate insurance coverage that meets and even exceeds state law, you're unlikely to get good word of mouth. Even worse—if you're sued by employees, your reputation could be ruined for years. 

3. No Regulatory Hurdles. Along with a good reputation among potential workers, fulfilling your workers' comp obligations faithfully means you stay out of trouble with local, state, and federal regulatory agencies. Failure to stay in good standing with oversight agencies means a more difficult time overcoming this reputation with potential employees. 

4. Less Poaching of Employees. The labor market is tight in 2022, and many employers must fight for quality employees. Any weakness in how you treat your own employees will be exploited by your competition. And with protection and compensation so highly valued by employees, your competitors will have an easy time poaching them if you appear to care less about worker safety. 

5. Cost Savings. Buying workers' comp coverage is an additional business expense. But it's a minimal one compared to all the expenses you may face if you aren't covered. These might range from fees and penalties to court damages and medical expenses. How could you use that savings in ways that help you appeal to quality employees? Could you offer more benefits, boost wages, or update workspaces? The possibilities are unlimited. 

Where to Start

Smart employers know that workers' compensation insurance was created to protect and help both employees and employers. Don't overlook how it can still do that for you. Want to know more about workers' comp in your state and how to get the right coverage for less? Start by meeting with a workers' compensation insurance provider, such as Tucker Insurance Agency, today.