We serve our local businesses & executives with:

Group Health Plans - Payroll & HR - Executive Bonus Plans - Retirement - Commercial & General LIability

Our Options for Companies & Executives

GORUP HEALTH PLANS

Our strategies focus on a 1 to 5 year plan and allows the company to once again provide value added benefits to increase employee retention and company moral. We have a simple approach to the current market; first let us complete a full no-cost review of your current benefit package and our mission will be to increase value, benefits, & savings. Our two paths will provide freedom to choose a traditional and/or a new creative solution to ever increasing premiums by putting our companies back in the driver's seat of saving for the financial health of the company and their employees.

EXECUTIVE BONUS PLAN

The real reason businesses are not offering additional benefits to their key employees is cost.  The Strategy uses leverage to help cover the costs of the additional benefits needed to attract top talent.  A unique feature of Our Plan is that there are no loan qualifications or loan documents signed by the employer or employee. The contributions made to the strategy act to fully secure the loan.  Utilizing our strategy allows companies to spend less on something that would otherwise be a substantial expense.  This will ultimately improve your cash flow and decrease costs while offering the differentiation needed to compete for the best employees.

In addition, due to the high cost of benefits, businesses also find it difficult to provide adequate coverage for other business liabilities such as Key Person, Buy-Sell Agreements, Succession Planning, etc. These events can typically be funded at half the cost of traditional options with us.

A Better Way to Fund Contingent Business Liabilities (Key Person, Buy-Sell Agreements, Succession Planning, etc.)

Key executives leave for a variety of reasons which can leave a business scrambling to cover their loss. They can become disabled, develop a chronic illness, retire, pass away, or simply leave. Most companies use their cash to grow their business and not to fund contingent business liabilities. Our strategy helps provide the funding needed to protect your business in a wider variety of circumstances.

 A Better Way to Informally Fund Deferred Compensation

This strategy is a superior way to informally fund Non-Qualified Deferred Compensation. By financing a life insurance policy as opposed to traditional investment alternatives, you get the added advantage of additional cash through the use of leverage, potential tax-deferred growth, protection benefits should something happen to the employee all without downside market risk.

Commercial Auto: As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.

COMMERCIAL & GENERAL LIABILITY

General Liability: If you have a personal umbrella liability policy, there's generally an exclusion for business-related liability. Make sure you have sufficient auto liability coverage.

Unfortunately for every business owner, the chances of getting sued have dramatically increased in the last decade. General Liability insurance can prevent a legal suit from turning into a financial disaster by providing financial protection in case your business is ever sued or held legally responsible for some injury or damage.

Workers Compensation: laws were created to ensure that employees who are injured on the job are provided with fixed monetary awards. This eliminates the need for litigation and creates an easier process for the employee. It also helps control the financial risks for employers since many states limit the amount an injured employee can recover from an employer.

Commercial Auto: As a business owner, you need the same kinds of insurance coverages for the car you use in your business as you do for a car used for personal travel -- liability, collision and comprehensive, medical payments (known as personal injury protection in some states) and coverage for uninsured motorists. In fact, many business people use the same vehicle for both business and pleasure. If the vehicle is owned by the business, make sure the name of the business appears on the policy as the "principal insured" rather than your name. This will avoid possible confusion in the event that you need to file a claim or a claim is filed against you.

PAYROLL & HR:

What is the cost of hiring another employee and/or outsourcing your HR needs?  How much liability are you leaving in the hands of one employee? Why not hire an entire team to cover your ASSets! YourLocalBrokers have developed the relationships necessary to provide first class consulting and solutions.  We will cover payroll, benefits, risk management, time & attendance while leveraging technology to save you time, money & effort. We will free you to focus on the growth of your company while we focus on the blind spots. 

Managing the burden of employee administration so you can focus on growing your business.

Through our PEO Services, YourLocalBrokers provides a long-term strategy to control costs, reduce risks, and better manage payroll, human resources, employee benefits, and workers’ compensation insurance.