Purchasing Group Health Insurance in the Shadow of Rising Costs

One of the most important, and significant perks that an employer can offer their employees is a health insurance policy. A group health insurance policy is always offered at a reduced cost when compared to price that would normally be found when purchasing an insurance policy as an individual. With the cost of healthcare skyrocketing, with no ceiling in sight, the perks of a group policy can sometimes be quite significant when the number of individuals getting covered by the plan is a large number.

The group health insurance policy comes in many different shapes and sizes. Choosing the right insurance package for your company, or even electing benefits from your company, can be overwhelming at best.

It is vitally important to take some time, and to understand a few significant things about the insurance policy:

1. The types of coverage that are available.
2. What is, specifically, included with the policy.
3. What surprising things may be excluded from the insurance policy.
4. Whether significant perks will be sacrificed at the expense of even further reduced cost.

A group health insurance policy covers a variety of services.

It will normally cover the costs of these common services or, at the very least, provide them at a significant reduced cost:

1. Doctor visits.
2. Hospital care.
3. Laboratory tests
4. Ambulance.
5. Dentist Visits.
6. Vision perks.
7. Prescription Drug Benefits

Healthy employees are productive and happy employees. Research has proven this. Research has also shown that employees who save money by taking advantage of their employer's group health insurance policy, at a reduced cost, may also have positive effects.

Group health insurance benefits the individual, the employer, and the health providers.

Cedric offers Health Insurance Tips for You as well as a variety of other topics found on his website: Tips-For-You.com. Please stop by and suggest a topic for the next tip to see your Name In Lights on the top of that topic page!

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Contractors Liability Insurance

Are you a contractor or thinking about becoming a contractor? Do you know about the different types of insurance protection you need to ensure that your business is able to grow and prosper the way you want it to? If not, then you need to read up on contractor liability insurance because you need it in our sue happy society.

This insurance will help to protect you from any accidents, contractual liability, and more. You could not even imagine some of the things that have happened that have caused frivolous lawsuits that have put people out of business. Just the cost of the lawyers to defend you can be enough to put your business in the poor house.

Whether you select to cover yourself for one, two, or three million dollars you need to have liability insurance. You need to factor in how much you are at risk when choosing your insurance and your agent should be able to help you along the way. The worst thing that could happen is you have an accident, get sued, and go out of business because you did not get contractors liability insurance.

This insurance will only benefit you because not only will it protect you from lawsuits and cover some or all of the lawyer bills, but it can also protect those that work under you from accidents as well. The problem now is that lawyers are so good at what they do that they can sue over just about anything and win.

You should also make sure that any sub contractors you hire also have contractors liability insurance or at least general liability insurance. If they are carrying insurance, then your risk of liability will be reduced and so will your insurance rate. Usually the general contractor is not responsible or liable for the sub contractor's mistakes, but if the sub contractor has a lawyer that has any knowledge of the law they can find a way to hold a general contractor liable for neglect and this is where liability insurance becomes imperative for everybody.

Learn more about Contractors Liability Insurance and why you need it here:

Contractors Liability Insurance

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