Health Insurance:  With all the changes in the US health care system, you will need a team of professionals working on your behalf to ensure you are getting the right insurance for your company's needs, but also to take advantage of any credits and programs that could benefit your small business. At MCM we monitor the health care insurance industry on an hourly basis making sure we alert our customers when changes happen that could affect their insurance coverage one way or another. Plans include In & Out of Network Coverages, HMO's that can reduce premiums by utilizing local networks vs National access. High Deductible Health Plans that can be married to Health Savings Plans or Health Reimbursement Accounts & more. Because we are Independent BROKERS we are free to work with ANY and ALL insurers and third party administrators. Our plan designs can be tailored right down to the copay and minimum out of pocket cost for both employer and employee.

Employee Benefits:  Employees can pay for individual products with pre tax dollars when purchased through payroll deduction.  Employers can reduce the cost to social security when employees take advantage of these plans.  There are numerous carriers offering this type of benefit. Clients that work with MCM can get concessions from some carriers that will insure employees   MCM works with most!  Its a win win!  Larger employers have been doing this for years. Employers may want to offer other group benefits such as short and long term disability coverage, accident, critical care, specified illness like cancer heart conditions strokes as well as term and permanent life insurance programs. These benefits generally are tax deductible for the employer and most are tax free to the employee.

Here are some of the risks that should be protected under business insurance:

Business Property Insurance: including buildings, business personal property and loss of income. A well written policy will include loss of income that might results from breakdowns of computer hardware or other equipment, as well as loss of income from other hazards that could temporarily close down your business.

Liability Insurance: A Comprehensive General Liability (CGL) policy is designed to provide coverage to third parties for personal and advertising injury, fire legal liability (often mandatory)if you lease property, products and completed operations, medical expense or medical payments, general liability for your premises. Professional liability, malpractice or errors and omissions policies might also be appropriate for your type of business.

State Madiitory Coverages:  

Worker's Compensation Insurance: If your business has employees, worker's compensation insurance will be mandatory. Covers employees from ON THE JOB sickness or injury. Pays as primary for medical expenses & loss of income.  We will assess your policy and locate better pricing for you as your business grows and adds employees.  

Short Term Disability: Covers Employees from loss of income due to sickness or accident when ocurring OFF THE JOB.  A review of your current coverage can provide the employer with lots of savings especially in NYS and NJ.  Enhanced benefits available such as additional payment when hosptialized or if you choose increased weekly benefits. NYS and NJ.

Paid Family Leave:  Available in NYS, NJ and soon to come to Connecticut.  In NY provides job protection and income while caring for a family member, bonding with a newborn, adopted or foster child, or spending time with  family member who is currently on active miltary duty.  Call for more information.

Other Insurances to Consider:

• Auto coverage for company vehicles
• Excess Liability Coverage
• Commercial Umbrella Policy
• Employment Practices Liability Insurance
• Directors and Officer Liablity
• Cyber Liability-Protects the company from certain cyber attacks, media issues and more
• Key Man Insurance
• Life Insurance
• Long Term Care Insurance

So what insurance do you need? Our team will assess your needs for each type of insurance and let you know what you need to protect your business and your assets.  Paying for the right insurance with the right policy limits, ensures that you are covered without spending more than necessary.