Written by Drew Campbell
Group Insurance, Health Benefit Plans, Group Home & Auto Insurance, Affinity Groups…
What are they? Do I qualify? Under my existing policy? If not, am I eligible to quote with these companies for potential savings?
The easiest way to find clarity here is picking up the phone and calling a trusted Zehr Insurance broker!
However, if you are looking to browse some quick information to get a feel for these offerings, let’s walk through some of these products and key differences.
Group Home & Auto
Group Home & Auto insurance broadly is a specialized rating developed by a partnered insurance company and available to a particular entity and their employees. In exchange for the insurance company being able to underwrite at a group level and achieve better efficiencies and results –those savings are then passed along to the customer in form of group discounts typically ranging up to 20%. So for example, one of our groups is Stubbe’s Precast… any employee of Stubbe’s automatically qualifies for this program. Current Groups with Zehr include:
Zehr currently has several groups set up with various businesses and associations in our communities. These are completely optional for members and employees to participate in but for employers and business owners, this can offer a unique addition to job perks you offer to attract and retain employees.
If any business or association member would like some marketing materials or consulting on these details and tailoring a group benefits program – just ask!
Affinity Insurance
Affinity Insurance is the same idea, but rather than being set up for a specific company these may be set up for more loosely held groups with shared affiliations. In our case, these discounted rates may be available to Zehr Commercial & Farm clients, Group Health Benefit clients and all of our Vintage CARS Insurance Policyholders. So for example, any client of Zehr Insurance that insures a classic car with us automatically qualifies for this program.
Previously Group Business Insurance offerings would only be eligible to those who are part of a larger entity or association, but now these benefits are available at the individual policyholder level, greatly expanding who may be eligible for these savings.
Group Business Insurance
In addition, for Businesses specifically within our Association Groups, there are discounts available specifically for Group Business Insurance, too! For an example, within the Mitchell branch where I work, any business owner or employee of the Downtown Mitchell BIA would qualify and benefit from the additional coverage and exclusive discounts on business insurance coverage, which is offered through Trillium Mutual.
Now that we have detailed these segments, let’s reaffirm what these Group products all have in common:
- Savings! Exclusive Home and Auto insurance discounts via an industry-leading insurance companies and a trusted local Zehr broker who is involved in your communities.
- Individuals, businesses, and business associations members and employees all may qualify
- If you are an employer, offer this to your employees as part of your group benefits program, and it costs the employer nothing!
- You and your employees can save up to 20% on your home and personal vehicle just by having your business insured with Zehr!
Lastly, I want to connect an overarching theme here and highlight another Zehr insurance offering which I mentioned above: Group Health Benefit Plans.
Zehr Insurance Brokers can help your business with one of the biggest challenges for entrepreneurs today – keeping good talent and recruiting new and qualified employees. Although an employee home and auto program is certainly value added for your employees, a health benefit plan for your employees could be the difference in retaining or attracting the talent that your business needs to complete and ultimately thrive.
There are many misconceptions by a business owner about a health benefit plan for their employees but consider the following:
- Only two (2) employees (owners included) are needed to make a group health plan
- Plans cover owners, employees and their families
- Coverage is easily customizable to suit the specific needs or wants of the group. Pick between: Dental, Vision, Drugs, Travel, Life, Critical Illness, Chiro, Massage Therapy, Disability etc
- Not only choose what you want covered; you can choose the limits for each coverage
- Blanket coverage- means everyone under the plan is automatically covered
- Premiums are tax deductible for business owners
Group Health Benefit Plans
Lastly, I want to connect an overarching theme here and highlight another Zehr insurance offering which I mentioned above: Group Health Benefit Plans.
Zehr Insurance Brokers can help your business with one of the biggest challenges for entrepreneurs today – keeping good talent and recruiting new and qualified employees. Although an employee home and auto program is certainly value added for your employees, a health benefit plan for your employees could be the difference in retaining or attracting the talent that your business needs to complete and ultimately thrive.
There are many misconceptions by a business owner about a health benefit plan for their employees but consider the following:
- Only two (2) employees (owners included) are needed to make a group health plan
- Plans cover owners, employees and their families
- Coverage is easily customizable to suit the specific needs or wants of the group. Pick between: Dental, Vision, Drugs, Travel, Life, Critical Illness, Chiro, Massage Therapy, Disability etc
- Not only choose what you want covered; you can choose the limits for each coverage
- Blanket coverage- means everyone under the plan is automatically covered
- Premiums are tax deductible for business owners
In Summary…
If you are an existing policyholder or otherwise think you may qualify for any of these Groups, do not hesitate to ask your broker today if this discount can be added to your existing policy, or quoted as a new policy.
If you are a business or association, feel free to reach out if you would like any help marketing this to your employees or members. We are happy to both provide educational materials or to go out to your workspace to hang out in person for a donut and coffee fueled Q & A session!
Be sure to keep an eye on our social feeds for ongoing contest promotions for these various Group offerings. Over the years, these have ranged from Business Association dollars, Tim’s cards, to iPads, and $5k cash from Economical.
Call Zehr Insurance brokers and see if we can help you with your insurance needs.
