Voluntary benefits, otherwise known as supplemental insurance or employee-paid benefits, are products, benefits, or services offered by employers but mostly or fully paid for by employees via payroll deductions at a reduced group price. Voluntary benefits include things like life insurance, dental insurance, vision insurance, and disability income, to name a few.
Voluntary benefits allow employers to offer more extensive coverage without added costs, and help employers save on taxes. Since premiums are paid via automatic pre-tax payroll deductions, employers pay less payroll taxes—a win-win for you and your employees.
If you’re running a company with as few as two people or as many as 10,000, you should consider offering voluntary benefits. Voluntary group insurance can be more affordable, , has minimal participation requirements, and offers guarantee issue on some products. These benefits can help you attract and retain talent and stay competitive.
Capabilities
- General Liability
- Property
- Auto Liability and Fleet Management
- Boiler and Machinery
- Transit and Cargo
- Umbrella and Excess Liability
- Active Shooter Insurance
- Kidnap, Ransom and Extortion
- Political Risk
- Environmental
- Pollution Liability
- Product Liability and Clinical Trials
- Workers’ Compensation
- Professional Liability
- Surety Bonds
- International Risk
- Builders’ Risk
- Crime and Dishonesty
- Terrorism and Sabotage
- Fire, Flood and Earthquake
- Risk Control and Management
- Safety and Security Programs
- Cancer Insurance
- Group Insurance Programs
- Cyber Liability
- Inland/Ocean Marine
- Garagekeepers Liability