Do you have a Professional Group Benefits Advisor?
Updated: Aug 3, 2022
Many organizations use an insurance broker to manage their employee benefits program. Do you know the difference between a Professional Group Benefits Advisor and a Broker?
A professional group benefits advisor specializes in employee benefits and should be a valued resource to your organization.
A Professional Advisor will:
Review how you run payroll to ensure your plan is tax optimized and T-4 boxes 14, 40 and 85 are all properly attributed.
Review your HR processes and documents. The Professional will then help you add wording to ensure your process and documentation all properly support your benefit plan.
Review your Corporate Liability Insurance to ensure you have the correct coverage to support a benefit plan.
Be your first call if you have any questions outside of the ordinary.
Give you the tools to help create a culture of appreciation of your benefit plan and what you do for your employees.
Please read on for additional differences:
Brokers vs Professional Group Benefits Advisor
Most Brokers will
A Professional Advisor will
And so much more....