Life & Benefits Insurance
for Businesses
Commercial Life & Benefits Insurance
Benefits help attract and retain employees – and we can help you develop the best plan for your business.
Areas We Serve
- Calgary
- Red Deer
- Fort McMurray
Commercial Life and Benefits Insurance can help your business
Here are three ways commercial life and benefits insurance can help your business:
- An affordable and tax-effective way to compensate and attract employees.
- A way to improve employee appreciation, loyalty and security.
- A way to help protect the wellbeing of your employees and families.
There are many different ways to configure a commercial life and benefits plan that fits your company’s budget and needs.
Commercial Life and Benefits Coverage
Here is a short explanation of the different areas of commercial life and benefits coverage you can include in your insurance plan.
Commercial Life Insurance Plans
This type of coverage provides your employees with life insurance. In the unfortunate event that they should unexpectedly pass away, the employee’s designated beneficiary will receive a sum of money. This can help employees protect their dependents and reduce financial struggles due to the loss of their income.
Commercial Health Insurance
A commercial health insurance plan is a cost-effective way for employees to get extended health insurance coverage. This can extend provincial health care benefits or include coverage for things not normally provided by provincial health care. This can include professional services such as massage therapy, physiotherapy, and psychologists. It may also include emergency medical transportation such as by ambulance.
Commercial Prescription Drug Plans
Prescription drugs are often not covered by provincial health care or may only be partially covered. Commercial prescription drug plans are very attractive to prospective and current employees, as this type of insurance can help them significantly financially. There are many different options for prescription drug plans, scalable to your company’s size and budget.
Commercial Dental Insurance
Dental care contributes to good overall health, but it is often not covered by provincial healthcare. Even routine dental care can be very expensive – a commercial dental insurance plan can be a great benefit to offer employees.
Commercial Critical Illness Insurance
Critical illness insurance can help reduce the financial burden when someone is diagnosed with a serious illness such as a heart attack, cancer, organ failure or blindness (exactly which conditions are covered will be outlined in the policy). The insured will receive a sum (either a lump sum or spread out over time, depending on the plan) that can help cover debts, lost income, and medical expenses and more.
Commercial Disability Insurance
If an employee is disabled and unable to work due to an unexpected illness or accident, disability insurance can help replace 60% to 85% of your lost regular income (usually up to a maximum amount) for a specified time period. This may apply to temporary and permanent disability situations.
Key Person Insurance
Critical to the success of the company as well as developed relationships with customers, suppliers, and creditors.
Key person insurance can help minimize disruptions and loss of confidence to your business by providing a sum of money. This can be used to pay salaries and cover expenses as well as help with the costs of finding a replacement. It is essentially a life insurance policy for a key employee that pays out to the business.
Loan Protection Insurance
Creditors may demand immediate repayment of loans if a business owner passes away. In such a situation, it may be necessary to liquidate assets or even the business itself. Loan protection insurance can provide tax-free funds to repay debts and loans if a business owner dies, ensuring the business can continue while protecting the owner’s estate and any surviving partners.
Buy/Sell Funding
Buy/sell funding can help you have the funds to buy out a partner and protect the business should a partner unexpectedly die or become disabled.
Business Insurance Solutions
Unique custom coverage right for your business
In today’s competitive world, your business can’t afford to stop or slow down. Unfortunately, that’s precisely what can happen when key personnel in your organization are injured or killed.
Fortunately, at Rogers Insurance, our team of knowledgeable commercial brokers can work with you to find affordable business insurance solutions to ensure that your company continues to run smoothly even when tragedy strikes.
Key Person Insurance
The loss of a business owner, executive, or key employee can have a drastic impact on your business. These are the personnel who have acquired the experience and knowledge critical to the success of your company and have developed relationships with customers, suppliers and creditors.
With Key Person Insurance, you can help minimize disruptions and the loss of confidence from your important stakeholders. Key Person Insurance can provide finances to meet your obligations, including salaries and expenses, as well as the cost of finding a replacement.
Loan Protection Insurance
The death of a business owner may mean that creditors will demand immediate repayment of loans. In such a situation, it may be necessary to liquidate assets or even the business itself. Loan protection insurance can provide tax-free funds to repay debts and loans, ensuring your business can continue while also protecting your estate and any remaining partners.
Buy/Sell Funding
The death or disability of a partner or shareholder may suddenly mean you’re faced with a partnership with their surviving spouse or family members.
Buy/Sell Funding through Rogers Insurance can ensure that you have the funds to buy out your partners and protect both the business and the family of your partners.
Find out how business insurance solutions can protect your organization when an unexpected tragedy strikes.
Group Benefits
Get the savings as a group
When it comes to attracting and retaining employees in a competitive hiring environment, providing accessible and affordable group life insurance is essential.
At Rogers Insurance, we have access to virtually every major group benefits carrier, allowing us to build tailored coverage plans for your business that includes health, dental, drug, life and disability coverage.
Regardless of whether you have a staff of ten or ten thousand, we can help you find the group benefits your employees need.