What if we told you that offering voluntary accident and disability insurance benefits to your employees could actually reduce the number of workers compensation claims filed each year?
That could mean big savings for your business.
You may be asking “How?”
We recently read a report from AFLAC that surveyed 1,500 benefits decision makers and 5,000 employees across the country.
Of the employers surveyed, approximately 50% offer voluntary accident and disability insurance benefits.
When looking specifically at those employers, 35% said that they have seen a significant decrease in workers compensation claims.
How much could your business save by reducing workers compensation claims by 75% or more?
The amount saved through avoiding many workers compensation claims vastly outweighs any additional costs associated with providing voluntary benefits, such as voluntary accident and disability insurance.
In the end, 51% of the employers offering these voluntary benefits saw some level of reduction in workers compensation claims. Read more statistics here (link).
The best news?
BeneChoice can help your business set up these benefits– at ZERO cost to you.
What’s even better, we offer support that significantly removes the benefits burden from your HR department. Services such as:
- Pre-enrollment communications
- An online customized benefits homepage showing core benefits as well as voluntary benefits
- Personalized enrollment sessions
- Core and/or voluntary benefits enrollment service
We also offer benefits counselors that can provide personalized one-to-one time (either onsite or by phone) with your employees. Our experienced counselors have the expertise to explain benefits in a way that’s simple and straightforward so that employees understand which benefits they need to fit their individual lifestyles and budgets.
Questions? Contact us today (link) and we can answer all of your questions!