Business Insurance
Business insurance can help you manage your company’s risks. It gives you financial protection from losses that can occur during normal business operations. It can also provide essential benefits for employees and potential employees and tax breaks for you. 309 Insurance Solutions specializes in a number of these types of coverage – including Group Medical Insurance, Group Supplemental Insurance and Key Person Life Insurance.
GROUP MEDICAL INSURANCE
Employer-sponsored group medical insurance can reduce absenteeism, increase retention and boost employee satisfaction. It can also serve as a valuable recruiting tool for your business.
There are many different types of health insurance plans available, each with its own set of benefits and drawbacks.
Some of the most common types of health insurance plans include:
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HMO: Health maintenance organizations (HMOs) require you to choose a primary care physician who will coordinate your care. You will need to get a referral from your primary care physician to see a specialist.
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PPO: Preferred provider organizations (PPOs) give you more freedom to see doctors and hospitals outside of your network, but you may have to pay higher out-of-pocket costs.
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POS: Point-of-service (POS) plans combine features of HMOs and PPOs. You can see doctors and hospitals outside of your network, but you will have to pay higher out-of-pocket costs if you do.
309 Insurance Solutions can help you understand your group medical insurance options, research health insurance companies and find the right plan for you and your employees.
GROUP SUPPLEMENTAL INSURANCE
Supplemental health insurance helps pay for unexpected costs that may not be covered by regular health insurance. Your employee receives cash benefits directly from the insurance company based on covered illness, injuries, treatments, and services.
The claims process is typically straightforward, and cash can be used to cover out-of-pocket health care costs or non-medical costs like groceries, childcare, and housekeeping. There are different types of plans available, and many employers offer them on a voluntary basis (i.e., employee-paid) to provide added financial protection to their workers.
Have a real conversation with a 309 Insurance Solutions representative to learn more about your group benefit options and how to find the right mix for your employees and your business.
KEY PERSON LIFE INSURANCE
Businesses without the right insurance in place can be badly disrupted by the unexpected passing of an owner or top company person. While an untimely death can be a sensitive and painful matter, it does not absolve a company of its many responsibilities.
At 309 Insurance Solutions experts on our team can help secure key person life insurance for you that may need support in the period after a top person’s passing. We will base recommendations on your unique corporate structure, and the significance that an owner or top executive’s death could have on different aspects of your business. You can talk to us about what you might need in the event you would require the payout of your policy, and we can help you find packages that fit your budget.
Frequently-Asked Questions
These are a few of the questions we get the most often about us and our business.
If your question isn’t among them, please use our Contact form and we’ll get an answer to you as soon as we can.
What’s the difference between an insurance broker and an insurance agent?
Insurance agents typically work for the insurance company or as a representative of them. Brokers are independent contractors who represent buyers by analyzing their needs and then providing the best policies available to fulfill those needs. Agents are typically reimbursed through a commission structure with the insurance company that they sell policies for. Brokers are also paid on commission from insurance companies, but they may also charge additional fees to customers which must be approved by each customer before the broker can collect.
Agents can write policies and secure coverage for people. Brokers simply submit applications and take care of the paperwork and approval process for clients, with the policy underwriting and coverage approval being the responsibility of the insurance company that is providing the coverage.
What types of insurance do you sell?
At 309 Insurance Solutions we specialize in benefits, like group health and group supplemental, and Key Person insurance. We also offer individual products like Medicare, cancer, life insurance and more.
How do I know how much insurance I need?
Insurance needs vary by the person or business. There’s no one-size-fits-all so we have a real conversation about real coverage. Call (309) 388-2224 to schedule a free consultation today.
Do you charge a fee for your services?
We do not charge our clients fees in most cases. We get paid from our carriers directly.