Company decision makers today are just too busy running their businesses in a very challenging economy. With so many rules and regulations there are too many things that you have to stay abreast of.
Cambridge, ON (PRWEB) October 31, 2011
The Benefit Guys, an Ontario insurance business, licensed through the Financial Services Commission of Ontario, is now offering employee benefit consulting to US corporations with subsidiaries in Ontario.
John Kovats, co founder of The Benefit Guys announced at a meeting of business professionals today about the services which are provided in the area of group insurance, often times just referred to as group benefits. “Company decision makers today are just too busy running their businesses in a very challenging economy.” He said. “With so many rules and regulations there are too many things that you have to stay abreast of.” Many US companies do not have the resources to investigate, understand and implement the requirements of Canadian employment legislation.
John also discussed liability exposures which companies may find themselves accidentally exposed to. He cited a recent case coming to the courts. Briefly, the case involves a situation whereby an employee had gone on LTD. The employee had $3000 a month of benefit and an optional amount of $3000 more. It seems that the employee was dissatisfied with his claim situation so he approached a law firm for advice. The lawyer asked if he had ever been “offered” the optional benefit “in writing”, and if the employee declined in writing and, of course, the answer was no. If the potential liability is calculated, for a 40 year old, it comes to a whopping $900,000 to age 65. And that is just the start.
Another new benefit which The Benefit Guys are offering is the services of a licensed mortgage broker. Even though not specifically a part of group benefits, the services are made available to employees of any companies which use The Benefit Guys for their group insurance plans or group benefits packages.
“An independent mortgage broker is like an independent insurance broker in many ways.” John said. “They offer fair and objective choices in the market place, normally at no cost to the client.”.
The Benefit Guys specialize in companies with 2-30 employees. Whether you are a US corporation or an Ontario business, give The Benefit Guys a call today at 1-866-966-4897 and John, his son Jordan, or one of the professionals on the team will answer all your questions. You can also go to the website at http://www.thebenefitguys.ca for further information.
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