(410) 312-7800
Business Personal Bonds Benefits

Behind every successful business, you will find a dedicated workforce. When employees feel valued, they reward you with loyalty and productiveness. One way to show employees that they matter is to provide insurance coverage. It goes back to the timeless adage that taking care of people means they will take care of you — and your business.

Providing your employees with insurance coverage minimizes liability while encouraging work productivity. While there are actual costs to be considered, you just might find that setting aside a portion of the company budget for employee insurance coverage is minor compared to the commercial payoff. Here is why covering your employees is the ultimate win-win.

A Little Investment Goes a Long Way

Job tenure has become increasingly replaced with job mobility. In fact, according to a 2006 study, 39 percent of the workforce is constantly on the lookout for the next best thing — a job with a competitive benefits package. Insurance coverage is the key component of this package because it is the most coveted employee benefit. A desirable employee insurance plan often includes (in this order):

  1. Health Insurance
  2. Life Insurance
  3. Saving Plans, such as IRAs and 401s

Note that health and life insurance lead the list. Allocating a portion of your company budget for some type of employee insurance coverage is a surefire way to keep the employees you already have — and possibly attracting new employees you will want to keep.

In Sickness and in Health

It is inevitable that people get sick — and your employees are indeed people. When a widespread virus knocks out half of your workforce, productivity takes a real beating. Absenteeism can wreak havoc on time-sensitive projects such as major presentations and payroll. Employee health insurance coverage can whittle the number of sick employees down to a workable minimum. One small business study showed that reliable health insurance reduced absenteeism by 57 percent, while increasing productivity by 64 percent.  

Making One Size Fit All

Every employee is an individual with specific needs. In many cases, employees may bring something very special and unique to the work environment that renders them extremely valuable. While everyone is different, it does not mean employee insurance plans need to be. The key to providing one type of plan to various personalities and skill sets is to incorporate flexibility into insurance coverage. These days, insurance options and plans are as diverse as the workforce itself. The odds are in your favor of finding an insurance plan that is suitable for everyone.

When you are ready to line up insurance coverage for your employees, we can help. Give us a call at 410-312-7800 and we will walk you through the various types of plans that may best suit your business. Keep your company’s talent loyal and satisfied by letting us help you select the perfect insurance benefit package.

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McFarlin Insurance Agency, LLP
8325 Guilford Rd, Suite A
Columbia, MD 21046


Phone: (410) 312-7800
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