Group Insurance
Ontario Group Insurance – Free Quote Online
A comprehensive employee benefits program is a low-cost solution that can provide protection for the employee and employer from catastrophic financial losses due to death, injury or illness. With most plans you will see significant savings because of the group purchasing power. As an employer this is a great benefit as you are able to supply your employees or members with discounted insurance protection.
As an employee, whether you are a 2 person operation or a large corporation you can still see the benefits of discounts and additional savings. This means you still get the great coverage you deserve but a price that is affordable.
Speak to one of our Financial Services Representatives today about how an effective group benefits program can help attract and retain key employees.
Mandatory Car Insurance Coverage for Ontario
In Ontario, the government regulates that individuals must carry the following coverage:
- Liability for Bodily Injury
- Liability for Property Damage
- Direct Compensation
- Uninsured Motorists
- Accident Benefits
Liability Coverage protects you from damage you do to others or to property in a car accident. In Ontario, $1,000,000 liability is common, but at McDougall Insurance, we recommend that everyone should have a $2,000,000 liability limit. The cost of lawsuits continue to increase and doubling your liability coverage typically has a very minimal cost.
Get a QuoteGroup Benefits FAQ’s
Group benefits plans can offer:
- Health Insurance, including prescription drug coverage, hospital coverage, eyeglasses or contact lenses, and paramedical coverage (Physiotherapy, Massage Therapy, Psychologist, etc)
- Dental Insurance
- Life Insurance coverage for your employee
Accidental Death and Dismemberment coverage - Dependent Life Insurance if your employee’s spouse or child dies
- Income replacement (Short Term Disability and/or Long Term Disability coverage)
We can customize a plan that incorporates the coverage you want for the best value.
An employer sponsored group benefits program typically offers a broader range of coverage than with an individual plan, due to the fact that many members are involved, the price is lower per member. Additionally, group benefits plans offer minimal underwriting. This means that an employee, a child of an employee and a spouse of an employee can get coverage without medical underwriting, even if they otherwise could not qualify under an individual plan.
The pricing for your Group Benefits plan is based on a variety of factors; demographics, occupation mix and plan design, employer/employee premium contribution split, and your usage of the plan (called “claims history or “claims experience”). Claims Experience is the main driver of renewal prices.
A good broker has the ability and capacity to take into account your budget, your coverage requirements, and your claims history to make sure that you have a sustainable group benefits plan.
Employers typically pay a minimum of 50% of the premium, with the employee paying the other 50% by payroll deduction. The employer can pay more than 50% with the employees paying the balance. We will illustrate the premiums per pay for you and your employees.
Offering a group benefits plan is an effective way for you to reward your employees with more value, while earning important tax deductions for your business. When you pay more salary, you also must pay more source payroll deductions. Therefore, the value to your employees can be diminished by a potential tax hit. Healthier employees with affordable access to medication and dental care are able to be more productive in your business. In fact, having a group benefits plan can be the reason why your employees won’t leave you in favour of a competitor.
Areas We Serve
- Arnprior
- Bancroft
- Barrie
- Barry’s Bay
- Belleville
- Brighton
- Brockville
- Carleton Place
- Cobourg
- Cornwall
- Courtice
- Crysler
- Eganville
- Embrun
- Gananoque
- Kemptville
- Kingston
- Madoc
- Midland
- Morrisburg
- Napanee
- North Bay
- Orillia
- Oshawa
- Ottawa
- Parry Sound
- Pembroke
- Penetanguishene
- Perth
- Petawawa
- Peterborough
- Picton
- Prescott
- Prince Edward County
- Sudbury
- Trenton
- Wellington
- Winchester
What Our Customers Are Saying
Eric Irvine
Been dealing with McDougall/Brister Group Winchester for at least the past 5 years and the service has been excellent. Our broker William Barclay is very helpful and helped us save money with the best possible insurance quotes and goes above and beyond with his customer service!