10 Things You Should Know About The Chamber's Group Insurance Plan

The Chambers of Commerce Group Insurance Plan provides employee benefits to over 33,000 business owners in Canada. The Chambers Plan offers affordable and accessible benefits to businesses with as little as one employee. So, here are ten things you should know about the Chambers Plan!

  1. No Minimum Firm Size

    1. The Chambers Plan was introduced to protect small businesses of various sizes. The plan can offer coverage to home-based businesses and growing companies of up to 50 employees

  2. No Industry Restrictions

    1. All for-profit businesses are eligible to participate in the Chambers Plan as long as they are members of a participating Chamber of Commerce or Board or Trade

    2. The Chambers does not believe that your industry should determine your coverage, therefore they can provide the benefit plan that is best for the specific needs of your business and employees

  3. Guaranteed Approval

    1. Firms with as little as one or two employees can choose options with guaranteed coverage

    2. Businesses with five or more employees can choose extensive dental coverage

    3. Groups with ten or more employees can add children’s orthodontics

  4. Guaranteed Renewable

    1. Your business is guaranteed renewable coverage as long as you pay your premiums each month

    2. Chambers makes this easy by offering one automatic payment to renew your Chamber membership and Plan premium

  5. Rate Stability

    1. Claims are averaged over more than 30,000 companies, just like yours

    2. The Chambers uses a pooling concept on health and dental benefit claims

    3. Small fluctuations to a firm’s claims do not automatically factor into the rates giving firms a greater opportunity for rate stability over the long term

  6. Not-For-Profit

    1. Chambers Plan operates under the direction of the not-for-profit Chambers of Commerce Insurance Corporation of Canada

    2. All surpluses are put back into the plan, keeping your premiums low!

If you’re wondering how you can become a Chambers of Commerce Group Insurance Plan member, give us a call! We can help you determine the plan that is best for you.

Gold Key Benefits Group
4732 91 Ave NW, Edmonton, AB T6B 2L1
+1 877-277-0677
http://www.goldkeybenefits.com

Pros and Cons of Working Remotely

As a business owner, how do you decide if you are willing to allow your employees to work remotely? On the plus side, it allows your employees the flexibility to manage their work-life balance, however it’s harder to track time and collaborate with co-workers when employees are not in the office.

We found an article to help break down remote workspaces further.

Pros:

  1. Hire talent beyond your traditional reach. By hiring employees who work outside of the four walls of your office, you can tap into a talent pool that wouldn’t otherwise be accessible.

  2. If you run a small business and you’re looking to save money on a physical workspace, allowing your employees to work remotely can be a great solution. Your employees can work from home, scheduling phone calls or videoconferencing to check in at any time.

  3. Increased employee retention is also a positive in allowing employees to work from home. Millennials place great importance on work-life balance and not having to commute to work each day can be seen as a very important perk.

Cons:

  1. It can be very hard to keep your employees motivated and focused when they are not located in an office. It takes a very self-motivated person to successfully work from home, so it is important to set clear deadlines and expectations for those employees who do not check into the office each day.

  2. Although you will save cost on leasing a physical space, you will need to invest in collaboration software. It’s important to keep in touch with your team, so be sure to have a reliable program to keep track of projects and time.

  3. It is important to create a company culture that is carried through to remote workspaces. Keep your employees engaged be ensuring they are invested in the company goals and culture.

Looking for more information? Check out the original article here:

Gold Key Benefits Group
4732 91 Ave NW, Edmonton, AB T6B 2L1
+1 877-277-0677
http://www.goldkeybenefits.com

Benefits of an Employee Assistance Program

Have you ever thought of implementing an Employee Assistance Program (EAP) into your company?

Some employers look at added benefits like EAP as just an additional expense, but have a program designed to help your employees through personal struggles can be a great investment into your staff and into the well-being of your organization. 

So what is an Employee Assistance Program? 

It is an employer-paid service that provides 24-hour confidential counselling to employees and their dependents. EAP programs can provide around the clock care to people regarding marital issues, mental health and wellness, child care and elder care referrals, alcohol and drug problems, legal and financial advice, grief and trauma assistance, and many other personal conflicts. 

So why will an EAP benefit your company?

It has been shown that employers who invest in their employees yield a positive return. When your employees are taken care of and feel they have an employer they can trust, they are more eager to come into work, to work more efficiently, and are motivated to go above and beyond expectations. 

Further to this, providing resources to employees that encourage their well-being will decrease absenteeism and increase employee productivity. When employees are overwhelmed by personal problems, they are much less productive at work. With the EAP program, your employees are able to speak to a trained counsellor who can provide them with the tools to effectively manage any personal turmoil they are currently experiencing. 

In conclusion:

Employee Assistance Programs are designed to improve the lives of your employees at no extra cost to them. By providing this service as a part of your group benefits program, you are investing in your people and are allowing them the space to thrive in their personal and professional lives, leaving to a more effective and efficient workplace. 

If you're interested in setting up an Employee Assistance Program in addition to your benefits, give us a call. 

If you are a member of the Chamber of Commerce Group Insurance Plan, your group benefits package already include an Employee Assistance Program and we are happy to provide you with the details. You and your employees might be unaware of this program, but we can provide you with written materials to pass out to staff. 

Gold Key Benefits Group
4732 91 Ave NW, Edmonton, AB T6B 2L1
+1 877-277-0677
goldkeybenefits.com