An employer's contribution to a group insurance plan is deductible as a business expense. This benefit is not taxable to the employee. An employee may not deduct a portion of the premium he cost shares with his/her employer. Typically a group benefit plan includes drug and dental coverage, lfe and long term disability . Where there may be cost sharing of the premium, an employer's contribution shoud always be to the health and dental portion. If any part of the premium for the long term disability is paid for by the employer, should the employee become disabled, then that benefit (usually up to 67% of the pre-disability earnings) would be taxable in the hands of the employee.
Life insurance premiums are not tax deductible, in general. However, group life insurance premiums are deductible for a business if the death benefit is $50,000 or less. Also, using key man insurance and executive bonus mechanisms, sometimes there can be some tax advantages. But, the premium is not deductible.
There are a number business insurance groups available in the Edmonton area. Some of the insurance companies that can be considered are Access Insurance Group, The Economical Insurance Group and The Dominion.
The motto of Merchants Insurance Group is 'Earning Your Business Every Day'.
Columbia Insurance Group is available in most parts of the United States. It specializes in business insurance, insurance for farm, insurance for car and insurance for home.
There are many different companies that offer business insurance. Some of the companies that offer business insurance are State Farm, Alstate, GEICO and Liberty Mutual Group.
Farmers Insurance Group is an American insurance company which offer home insurance, life insurance, automotive insurance and business insurance. They can also offer financial services such as loans.
The American Advantage Insurance Group is based in Pewaukee, WI. The company provide auto insurance, homeowners insurance, renters insurance, life and health insurance, and also business insurance.
form_title=Small Business Insurance form_header=Small business insurance is necessary to protect your company. An insurance professional can help you identify the potential risks associated with your company and customize your policy to meet those needs. Type of insurance needed:= {(),Business Owners Policy,Business Auto Insurance,Business Property Insurance,Business Liability Insurance,Home Business Insurance,Workers' Compensation,Business Umbrella Liability,Professional Liability Insurance,Directors and Officers Liability,Business Identity Theft,Group Health Insurance,Business Life Insurance,Key Person Life Insurance,Agricultural Insurance,Product Liability Insurance,Personal Insurance,Not Sure} Number of Full Time Employees=_ Years In Business=_
You can apply for Concord Group insurance from the following sources: Bupa, Concord Group Insurance, Better Business Bureau, Connect Data, Holden Agency, to name a few.
There are many companies that a small business could use for group insurance. These companies include Net Quote, Atena, Anthem, and many more companies.
Liberty Mutual Group is a leading company in the commercial and business insurance sector as it provides business with complete and reliable insurance.
Travelers insurance officially started doing business in 1864, in the month of April.