Types of employee benefits to consider
Having employees in your business or company means finding ways to retain them. One of the best ways to retain talents is by offering employee benefits. While some benefits like workers’ compensation are required by the law, some are more critical than others.
At Saucon Insurance Agency, we recommend assessing the nature of your business to know the type of workers you need and the types of benefits that fit them. Here are the specific employee benefits to consider for your business in Bethlehem, PA.
Your employee’s health should come first. You don’t expect a worker to be productive when they are unwell or unable to meet their medical expenses. While both parties contribute medical insurance, it is meant to benefit the employees and their families.
Workers’ compensation in Pennsylvania requires some employers to carry the policy to protect their workers. Employers who do not have the policy and are required to have one can be sued by their employees and be prosecuted by the commonwealth. Exempted employees like railroad workers and federal employees do not need workers’ compensation as they are already covered under other workers’ compensation acts. The policy covers employees for the entire period of their employment.
Life insurance is designed to protect your employees’ families in case an employee dies in the line of duty. The death benefit paid by the insurance company is given to the spouse or the children to cater to their needs, especially if the employee was the breadwinner. Employees can also determine who they want to be their primary beneficiaries.
Disability insurance is a special type of insurance meant to replace part or all income lost when a worker is unable to work due to an illness or injury sustained while working.
To learn more about employee benefits in Bethlehem, PA, feel free to call or visit us at Saucon Insurance Agency, and we will be happy to assist you.