BUSINESS insurance

Insurance to Start a Business
Getting a group health insurance quote for your new business is Step Two in the process. Step One is for your insurance professional to have an understanding of your industry, types of employees, your anticipated growth and goals of your business.

To receive an accurate quote on group benefits, please provide detailed listing of your employees including:

• Employees’ date of birth and sex
• Spouse and dependants to be covered
• Employment status (full or part-time)
• Primary zip code
• Type of industry

Call the Locklin Group (412) 939-3780 today, to get a quote that suits your business needs.

Insure your Franchise
Congratulations on opening your franchise business! Unfortunately, over 95% of franchises do not offer franchise owners group health plans.

As a self-employed Franchise Owner, you and your employees are not employees of the Franchisor and cannot participate in their group health insurance plan. This is not bad news, just the way the insurance industry is set up and regulated.

To provide group health insurance for you and your employees you must have a group of employees. A group can be as small as one or two employees, or thousands of employees. So setting up a group is not a problem. There may be cost advantages to having a small group if the employees in the group have healthy lifestyles and if your business has a clean and safe workplace environment.

Competitive Pricing – Your business can save on insurance by controlling factors that contribute to risk. By understanding your business, The Locklin Group can get you the best insurance pricing for your business in a continually changing market.

Insurance rates are directly tied to risk. A greater risk for the insurance company means a company will pay higher premiums. The Locklin Group will help your company analyze your risk exposure and determine ways to reduce risk and your insurance costs. Employee lifestyles are important to reducing your group health insurance rates. By maintaining a healthier lifestyle, employees will benefit from a longer healthier and happier life. Ways to maintain a healthy lifestyle:

• Commit to a healthy lifestyle
• Read current healthy lifestyle information and make appropriate changes to your lifestyle
• Quit smoking
• Make healthy eating choices
• Limit alcohol consumption
• Take only medicines prescribed by your doctors
• Exercise regularly
• Get an annual physical
• Everybody is a winner by maintaining a healthy lifestyle

Worker's compensation insurance
If your business has employees, worker's compensation insurance will be mandatory. Startup operations typically find that the State Compensation Fund can accommodate your needs. As the business grows, you can then "shop" for better prices for the coverage

Employees injured on the job receive worker’s compensation benefit from the insurance fund that both employee and employer pay into. The employee’s share is withheld from the paycheck. Quarterly reports and monthly payments must be made.