The small business owner is often faced with the quandary of wanting to offer benefits like comprehensive health coverage to employees but not being able to afford the cost. Longhorn Insurance Group can show you how to come up with a viable alternative to an expensive and cumbersome Group plan.

Pay For the Employees to Get Their Own Coverage – maybe a smart alternative
It might make sense to pay for individuals to get their own insurance. The advantages:

• Might be less expensive than the company providing coverage for them
• No paperwork for the company if there is a claim
• Premium rates aren’t tied to claims history of all the employees
• Possible tax advantages for both you and the employee through Tax Advantaged Plans
• If the employee leaves the company, they’ll still be covered if they continue to pay the premiums. Longhorn can help you design such a plan and will help you maintain it as well.

A small business owner must consider what might happen to the family’s financial well-being if he/she is not able to work because of a medical problem. The self employed have the most to lose and are the most underinsured group in the country. The 47 million Americans who carry no health insurance are over-represented by the self employed.

Would Your Business Be Profitable?
We often encounter business owners who have insurance on every piece of machinery in a shop or at a farm, yet they have either no insurance, or very little insurance, on the key element to the business - the owner himself/herself and his/her ability to earn an income. Would your business be profitable for very long if you were unable to work?

Longhorn will help you assess your liability in such a situation and will incorporate this kind of coverage into your integrated approach to managing both personal and business risk. Private Life and Disability coverage, as well as Key Partner and Business Operating Expense protection, can all be elements of such a program.

Best Prices and Best Value
We aggressively work in the marketplace every day to find the best pricing and the best value of the coverages available. There can be a significant difference between “owning insurance” and “being insured.”

Most of us know that the lowest bid on anything doesn’t mean it’s the best value you can get. In fact, buying insurance solely on the basis of “price” will generally cost you more in the long run. Factors that can make you regret that you based your choice only on price:

• Quality of customer service you’ll get if you ever have a claim
• Confusing design of the policy
• The “fine print” in a policy

Remember, there can be a significant difference between the price and the cost of owning a Health or Life Insurance policy. One of our jobs is to make certain that you’re aware of all the facets of a policy from all insurance companies.

Unbiased and Honest – What a Policy “Won’t” Do
Just as important as what a certain policy will do for you is what it won’t do for you. Not many companies will make certain that you know what the shortcomings are of certain policies. These shortcomings are usually the main cause for negative and cynical feelings that people have about insurance companies.

We often get compliments for explaining, upfront, what certain policies won’t provide for our clients, allowing them to make a more informed choice.