As the country tries to pivot from the impact of COVID-19, one of the emerging themes of 2021 has been the competition for talent. The insurance industry in particular has been significantly affected due to the aging demographics of the workforce. While technology is aiding the efficiency and productivity of the independent insurance agent distribution channel, it's also elevated the need to recruit and retain employees who have the necessary skill set.
Independent insurance agencies can be an attractive place to work by providing a flexible work environment. The issue isn't a lack of willingness to pay competitive wages either. Most agency owners are at a disadvantage when it comes to offering benefits.
Aside from medical insurance, there are other benefits that rank high in employee surveys such as retirement, dental and vision, long-term and short-term disability and life insurance. Employees that take a long-term view of their career tend to also want to protect their financial security. Employee benefits are a tax-favored way for them to achieve that security.
Many agency owners fail to realize how much employees value these benefits. And many agency owners believe that, given the small size of their agency, they can't offer attractive, affordable benefits.
Fortunately, Big “I" Employee Benefits is a one-stop resource that leverages the collective size of the Big “I" membership to provide "guaranteed issue" benefits: no underwriting (with certain requirements being met). If you haven't investigated the Big “I" Employee Benefits offering, you owe it to yourself and your employees to see how affordable it is to offer a robust benefits package.
The Big “I" has made it simple and easy to get a quote and obtain coverage for your employees. Coverages are provided through The Guardian Life Insurance Company of America and include group life, group short- and long-term disability, group dental and group vision. The program offers various coverage options to meet the diverse needs of our members.
For more information, visit Big “I" Employee Benefits or contact Christine Muñoz.