1. Enhance Employee Benefits and Build Confidence
- Group insurance helps employees feel secure and demonstrates the company's commitment to their well-being.
2. Reduce Unexpected Expenses
- When employees fall ill or have an accident, insurance helps cover medical or related expenses on their behalf.
3. Gain a Competitive Advantage
- Companies that offer good benefits are better able to attract and retain qualified staff.
4. Lower Turnover Rates
- When employees feel protected and valued, they are more likely to stay with the company long-term.
5. Possible Tax Deductions (in some cases)
- In some situations, the insurance premiums paid by the employer may be tax-deductible as business expenses.