COMPLETE ATTENTION TO YOUR BUSINESS NEEDS
Business Insurance with Smith and Company of Colorado.
In today’s complicated world, businesses more than ever need to make sure they are protected. Every facet of your business operation impacts another. We help you close the loop.
As your trusted advisor we strive to protect you and your business from fines and penalties, to protection of data breeches, fires, floods etc.
Smith and Company is an all lines insurance brokerage with experts in property and casualty coverage and group benefits including health, life, key person insurance etc.
Employee Benefits – Including enrollment, dis-enrollment, and employee education
• Disability, Both Long, and Short-term
• Voluntary Plans
o Critical Illness
o Others include dental, vision, and life
Generally speaking, Private Exchanges are available for groups that have 3,000 or more employees. For smaller employers, Private exchanges also exist, but these plans are really more of a marketing concept than they are a separate option for employers to consider.
Essentially the Private Exchange in the smaller employer market consists of one insurance carrier that provides multiple plan selections from that same provider. Additionally, other options, such as dental, life, disability and vision insurance can be included from this single source.
In reality, this option already existed prior to the PPACA implementation in January 1, 2014, but this has become the new product of 2014.
• Employment – Recruitment, Interviewing, Reference Checking, Skill Testing.
• Personnel Policies & Procedures
• Group Benefits – Benefits Orientation/Education, Rate Comparisons, Benefit Plan Communication, Benefit Plan Continuation Administration (COBRA)
• Human Resource Administration/Compliance
• Training & Development
• Wage and Salary Administration
• Employee Relations
• Employee Safety/Drug Programs
• Employee Portal
o Customizable Employee Portal
o Document Library
o Link Library
o Open Enrollment, and Qualified Events
• Benefits Management
o Full Benefits Management Functionality
o Benefit Statements
o Total Compensation Statements
o Automatic Data Exports to Carriers
o Automatic Data Exports to Payroll
o COBRA Management
• Time-off Tracking
• Time & Attendance
• Applicant Tracking
• Performance Management
• Employee Surveys
• Wellness Tracking
• Workflow Management
• Advanced Reporting
Dependent Eligibility Audit
Required for all business operating in Colorado, this is a system by which benefits outlined in our state law are provided by an employer to an employee (or the employee’s family) due to a job-related injury (including death) resulting from an accident or occupational disease.
Director’s & Officers
A type of liability insurance covering directors and officers for claims made against them while serving on a board of directors and/or as an officer. The insurance can be written to cover the directors and officers of for-profit businesses, privately held firms, not-for-profit organizations, and educational institutions. In effect, the policies function as “management errors and omissions liability insurance,” covering claims resulting from managerial decisions that have adverse financial consequences.
Employment Practices Liability Insurance
Although Colorado is an “at will” State, improper termination, or hiring practices can be a ticking time bomb. Maintaining proper documentation, and knowing when it’s okay to terminate an employee require proper guidance. Free resources are available from The Department of Labor, and the U.S. Equal Employment Opportunity Commission.
Succession Planning is vital for any small business. If you have a partner having a buy/sell agreement in place is paramount, and it is recommended that you establish this in the early phases of the business. Unfortunately, this planning is frequently overlooked.
After the business has been operating for a few years, business valuation can become a bit more complex. By leveraging our insurance partners, we are able to assist small business owners with the process of business valuation. Call us to see how we can help you.
OUR COMMITMENT NEVER STOPS
As your business insurance advisor we review your complete insurance needs, and then the costs. Maintaining your business objectives is tantamount to us.
Our recommendation will be based on this analysis, and while comprehensive, it may not be the least expensive option. In the end, the decision is yours to make, but you can rest assured that we will support our recommendations with sound, reasonable advice.
Administrative issues are minimized because we maintain cutting edge technologies to service our clients. We employ several resources to keep us up to date with the most current charges in the law, and, in turn help keep you compliant. Additionally, we provide enrollment, and disenrollment services for our benefits clients.
Most importantly, we have the ability to set up custom portholes for our clients to communicate securely with us, and to allow us to share updates and changes immediately.
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