Attracting and retaining key employees is a major concern for today's business owners. A well developed employee benefits plan can improve attendance, increase productivity, and provide a foundation for positive workforce morale.
Our knowledgeable staff assists each client by suggesting plans that are appropriate to the company's benefit objective. B&P Benefits Solutions is a direct representative for all the major health and dental insurance carriers in the Mid-Atlantic region. Our clients have access to an extensive list of product choices including: HMO, Point-of-Service, PPO, HSA, HRA, Open-Access and Traditional Indemnity Co-Insurance plans.
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Providing life and disability insurance can be an inexpensive, but powerful tool for protecting your employees and their loved ones from the reality of life's catastrophic events. Loss of life or loss of income can have a devastating effect on a family's long-term financial security. Research shows that only 35% of employees have adequate life insurance coverage. In addition, studies also prove that employees who miss work due to injury or illness are out an average of 17.1 weeks.
Offering life and disability insurance to your employees gives your company a competitive advantage over the 47% of companies who fail to do so. Employers have the flexibility to help contribute towards the plan or have the employees pay 100% of the premiums.
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Business owners of all sizes have a need to protect their assets. Whether you are a handyman or a Fortune 500 company, you have risk surrounding you from the day you start providing a product or service. Business insurance in all of its forms from liability to property coverage to errors and omissions can minimize the impact of a consumer claim.
Business Insurance & Workers Compensation
Commercial General Liability insurance provides protection against claims of bodily injury or property damage for which your business may be liable. It also provides liability insurance for the cost of defending lawsuits stemming from accidents that cause bodily injury, property damage, and claims such as libel, slander and false advertising, even if the claims against you have no merit.
State-mandated workers' compensation is a benefit to you and your employees. It covers the cost of medical care and rehabilitation for workers who become sick or injured on the job. It also compensates them for lost wages and provides death benefits for their dependents if they are killed in work-related accidents, including terrorist attacks. It also protects employers from unnecessary litigation and gets key employees back to work fast.
In Virginia, Workers Compensation insurance must be purchased and maintained if you employ 3 or more full-time or part-time employees (see www.vwc.state.va.us for more information). Worker's compensation laws can be complex and are subject to amendment at any time. If you need help with a worker's compensation issue, please consult a licensed attorney.
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There is no other asset that is more valuable to you then your health. Without it other things in life just don't matter. Unfortunately, millions of Americans do not have access to a solution because their employers do not offer them, or because they are self-employed or in between jobs. By purchasing health, life, and disability insurance you can protect you and your family from the devastating financial burden of an unexpected illness or injury.
Individual Health & Other Products
Individual health insurance can provide a cushion from catastrophic illness, as well as the day-to-day sniffles and pains of life. Most plans have a deductible (a specific dollar amount of the covered service you will pay), coinsurance (a percentage of the claim that is split between you and the insurance company), and out-of-pocket maximum (the total amount you are responsible for paying for covered services). The affordability of health insurance is determined mostly by two factors - you and your family's current age and health, and the type of plan that you choose.
What would the consequences be to your family, your business, and your quality of life if you were unable to receive a paycheck? Research shows that three out of 10 workers between the age of 25 and 65 will experience an illness or accident that will keep them out of work for three months or longer. Additionally, nearly 60% of accidents occur off the job, which means that it will not be covered by Workers Compensation. If you become too sick or hurt to work, disability income protection may enable you to meet your basic financial commitments. The level of comfort it can provide to you and your loved ones during a period of disability is second to none.
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You've worked hard for what you have. You want to be sure the things you value are protected. When your car is involved in an accident or a storm destroys your home, will your current insurance fix the damages and minimize your loss? The B&P Benefits Solutions staff will review your current policies to identify possible areas of exposure. We will then recommend the proper coverage to ensure that when the impossible happens, you have confidence that you will be able to get your family's life back to normal as quickly as possible.
Personal Auto & Homeowners
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B & P Benefits Solutions is committed to partnering with our clients and their other trusted advisors to help develop a successful retirement plan. B & P Benefits Solutions offers many diverse investment options such as:
- Variable & Fixed Annuities
- IRA & College Savings Funds
- Mutual Funds
- Life Insurance
- Full Service Brokerage Accounts
Managing a business is hard enough and assisting employees with retirement can be a difficult task. Our team of professionals will help employers and their employees by offering the following services:
Today's employees are increasingly aware of how important their future retirement will be. Helping your employees create this future and supporting them into their retirement years creates a bond between you and your employees. Our professionals will help design a retirement plan which will help attract and retain talented employees for your organization.
- Conduct an educational meeting with the employer to explain the different types of retirement plans.
- Recommend a plan design based on the employer's policies, such as: eligibility, entry dates, contributions, and enrollment.
- Group enrollment meetings will be held on site during open enrollment periods, to explain the facts of the retirement plan.
- Offer investment decision making tools to assist your employees with choosing an investment strategy.
There are many questions an individual will have to ask themselves about retirement.
Our team of professionals believe investments, Social Security and personal retirement savings are all important components of a retirement plan. The primary goal will be to maximize the financial return with the lowest risk possible, determine the most tax efficient way to grow your assets and to accomplish these goals with the lowest possible fees. Please contact our staff to set up a meeting with one of our professionals to start your retirement plan.
- How long do I plan to work and will my current position be available as I age?
- How much income will I need or want during my years of retirement?
- Who do I contact to start an estate planning process?
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Securities offered through 1st Global Capital Corp.
Investment Advisory Services offered through 1st Global Advisors, Inc.