Each month, more than half a million aspiring entrepreneurs in the United States take the bold step of starting their own businesses. For these determined individuals, the right insurance choices can make all the difference between celebrating their business's first anniversary or experiencing a disappointing inaugural year. Whether they have a small team or a few hundred employees, whether they sell products or offer services, and whether they run their operations from a home office or a separate location, small business owners must consider insurance in a distinct manner compared to individual consumers.
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For the over 500,000 entrepreneurs in the United States who begin their own businesses every month, making informed decisions regarding insurance can determine whether their first year is a success or failure. Regardless of the number of employees, whether products or services are being sold, or whether the business is operated from a home or a separate location, small business owners must take into account insurance considerations that differ significantly from those of individual consumers.
2 min read
Employee benefits are an important part of your compensation package. Benefits range from paid time off (PTO) to health insurance to retirement and 401(k) plans. Most employer health plans are more comprehensive than what you can buy privately, have lower deductibles, and are much cheaper. Understanding benefits can help you accurately assess a compensation package and ensure that you're not leaving money on the table.
Let's look at some common employee benefits.
2 min read
Have you considered what would happen if you were unable to work for an extended period of time? We're here to ease your fears. Keep reading for a breakdown of what disability insurance is, how to find out if you're covered, and what steps you can take to prepare for a brighter future.
You've just entered the job market, or graduated from school. You understand even though you don't have much money now, that your earning years are about to begin. Thinking of your future fills you with unbridled enthusiasm. You can daydream about your perfect wedding or your perfect vacation. Even your perfect retirement. But have you daydreamed about disability? One day you're able to work, the next you're not. It might even be a temporary disability, knocking you out of commission for six months to a year. What would you do then? Do you have an emergency fund that could cover six months or more of expenses? Although no one likes to consider such traumatic and heartbreaking events, they're a real possibility. In fact, approximately 25% of people can expect to be out of work for at least a year in their lifespan.That's why it's imperative to plan ahead.