Help Human Resources Make The Right Insurance Decisions for Your Company Benefits Package

Your human resources department has two tasks every day, first, it needs to focus on recruiting and retaining the best people for your company. Second, it’s responsible for administering a variety of benefits and salaries.

Many people believe the two tasks are separate, but actually, they are deeply integrated with each other. If you fail to recruit the right people, your company won’t progress. If you don’t give them the best benefits package possible, they won’t stick around.

Insurance is an integral part of your company’s benefits package. Insurance administration requires HR to consistently manage payments, beneficiaries, people leaving the company, and people entering the company. There is a lot of work, and your staff takes care of it all.

Additionally, the human resources department is responsible, usually, with monitoring the performance of your insurance providers and making sure the best policies are being presented to the employees. After all, benefits are a big part of why people work for your company. It’s a lot of work both in time and money.

The smaller the company, the more significant the impact of the cost. There’s an easier way to handle this aspect of human resources.

Consider Outside Help From A Trusted Source
Few people understand the insurance business better than an experienced and qualified insurance broker. Insurance brokers live every working day with insurance companies and are up to date with the latest insurance news and requirements. Instead of tasking your HR with keeping abreast of all matters of insurance, consider having regular meetings with your insurance broker to learn what changes have occurred in the industry and how they affect you.

Advice from insurance brokers is very helpful to small businesses, especially those where the owner carries many of the responsibilities. Having an insurance broker as a resource means you are getting experience and knowledge in insurance and benefits management.

“They’re just going to try and sell me more coverage than I need!”
If you’re like most people, you’re probably reluctant to call your broker. You believe it might lead to a sales pitch to buy more insurance. Or, you may not want to bother them with questions about your coverage. However, the last thing an ethical broker would do is try and sell you more coverage than you need.

Most brokers don’t want a “customer”, they want ongoing business relationships with partners. They understand that if there is a strong relationship with a company, a relationship built on trust and good advice, they will be the ones the company turns to when it is time to increase their coverage.

Furthermore, insurance brokers want to be bothered by their customer’s questions before an incident occurs, not after. It’s much easier to plan for the future than it is to try and correct the past. So, don’t worry about questions, they want to answer them.

Flagler Financial is a premier insurance broker servicing a variety of industries in Central Florida. In addition to providing expert insurance advice, we also offer excellent benefits packages and payroll administration.

If you would like to relieve the stress on your human resources department or want to discuss your insurance situation, please contact us. We look forward to developing a relationship with you and helping in the growth of your company.