InsureMe Implements ESOP Company Adds Retirement Plan To Its Many Benefits

InsureMe, a leader in providing consumer referrals to insurance professionals, will implement an Employee Stock Ownership Plan (ESOP) after the first of the year.

Denver (PRWEB) October 22, 2005 -- InsureMe, a leader in providing consumer referrals to insurance professionals, will implement an Employee Stock Ownership Plan (ESOP) after the first of the year.
InsureMe is an insurance lead referral company providing online support to consumers looking to buy insurance. Established in 1993, InsureMe pioneered the first internet-based insurance lead business, which provided thousands of insurance professionals with over two million leads in 2004. The privately-held company is also focused on creating a rewarding work environment for its employees.

The ESOP, a qualified retirement plan, is becoming a rare benefit amid businesses today. Even more unusual, InsureMe sponsored an educational training session regarding the fundamentals of the benefit plan. Recognizing the complexity at hand, the ESOP training was reinforced with an open-book exam, which was successfully completed by every member of the InsureMe company.

“It’s important that each employee have a firm understanding of the ESOP and how they each individually contribute to the growth of the company,” said Robin Paquette, chief operating officer. “It ensures that our employees are well-versed in all areas of the business, which leads to improved performance across the board—we all have something at stake.”

The ESOP is an exciting accomplishment for InsureMe President Tim McTavish, who sees the plan as a great tool for putting equity into the hands of employees.

“As co-owners of the company, employees provide the best service for our customers, increase our revenues, control expenses and keep a watchful eye on the competition,” McTavish reported.

To fund the benefit plan, the ESOP will receive a portion of InsureMe’s annual profit on an annual basis. The plan, which will start accumulating assets in January of 2006, will use those funds to buy InsureMe stock, the assets of which will be divided amongst the employees. With commencement of the ESOP, InsureMe employees will receive the double benefit of drawing a paycheck as well as stock appreciation as the value of the company grows.

About InsureMe
InsureMe, an Englewood, Colorado-based company, is the premier provider of online insurance leads for the insurance industry. The InsureMe service links people shopping for insurance with professionals selling it. The company has helped millions of consumers find auto, home, life, long term care and health insurance quotes, while providing thousands of insurance agents with leads nationwide. Access the InsureMe web site @ www.insureme.com.

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