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Peace of mind, Insurance is a risk mitigation tool. You transfer your risk to an insurance company in exchange for a premium. So the benefit is if you incur a loss from an insured risk, the insurance company assumes all or part of that loss. This alone is the biggest and most important benefit to having insurance.

 

Higher motivation levels, Insurance cover is a huge subsidy for the employees since it will save them a considerable amount of money that they would have to pay otherwise in the form of health check bills. For this reason, your employees would be loyal and it would be simpler for you to retain them.

 

Tax advantages, Health insurance for business has tax subsidy. Depending on the kind of plans that you choose you will be able to lower the payroll taxes. Even for your employees there would be tax benefits that would be caring. Insurance is 100% tax deductible so it will be a huge savings for you.

 
 
 

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