At Elite Insurance Solutions, we provide not only many different types of insurance services for personal needs, but we also offer a wide variety of business insurance policies. Our experienced staff is familiar with all of the state and federal laws and regulations that are necessary for a business owner in the state of Tennessee to protect the owner, the employees, and the customers. We can tailor your insurance policies to your specific industry or field, and you will not have to worry about being sold a lot of services you and your business do not need. Of course, there are general business insurance services most every business needs, no matter the industry, and we’d like to tell you about three services we offer that will benefit both you and your employees.
Call us today to inquire about these three services. We also have other insurance to support business owners.
Group health insurance A key component of an excellent benefits package, group health insurance is employer-sponsored, which means you will share the costs of health insurance with your employees. The average employer generally pays a half, or even more, of the monthly premium. Our insurance veterans at Elite Insurance Solutions will help you select from our range of Tennessee group health insurance plans and even customize a benefits package where you can offer your employees a choice in a plan. The types of health insurance plans we offer include Office Visit Co-Pay plans, 100% After Deductible plans, and Dental and Vision insurance plans. We also provide Health Saving Plans (HSA), Health Reimbursement Arrangements (HRA), and Flexible Spending Accounts (FSA), which can assist your employees with a high-deductible health plan. Our staff can answer your questions about group health insurance plans in Tennessee and help you provide your employees with the one of the best benefits you could offer.
Insurance-based retirement plans Another way to reward your employees with a great benefit, insurance-based retirement plans provide your employees with life insurance and an extra way to earn supplemental retirement income. Elite Insurance Solutions also offers supplemental executive retirement plans which give a tax-free opportunity for employees to save more retirement money once they have maxed out their contribution to a qualified plan. These plans benefit both the owner and the employee. As the owner, you can choose which employees will receive benefits, a powerful recruiting and retention tool. Owners also receive tax deductions when employees gain compensation from the plan. For employees, they can obtain deferred tax on income until compensation is given, enjoy unlimited deferrals, earn more retirement income, and be awarded for their contributions.
Workers’ compensation coverage In the state of Tennessee, most business owners with five or more employees are required by law to provide workers’ compensation coverage. Elite Insurance Solutions will help you with the state laws and guidelines for workers’ compensation, so you will be able to understand your responsibilities if one of your employees is ever injured on the job. As a business owner, the last thing you want to deal with is a lawsuit for workers’ compensation, so let our staff protect you with our coverage package.
We at Elite Insurance Solutions provide even more business insurance services, so contact us at any of our offices across the state. We will be happy to answer any business insurance questions you may have as well as advise you on the best insurance plans for your business.