COVID-19: A Message from DFSIN Toronto West Team

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Benefits of Health Insurance for a Small Retail Business

Running your own retail store is certainly a lot of work. With keeping track of employees, orders, inventory, and more, why would you want to worry about insurance? That’s why the team from DFSIN Toronto West offers comprehensive health insurance for small retail businesses in addition to being one of the best critical illness insurance companies out there.

Here you’ll find some of the most important benefits of investing in health insurance solutions for small businesses!

A Few Important Things to Note

Before diving right into the benefits of a health insurance plan, it’s important to note that retail establishments with fewer than 50 full-time employees aren’t required by law to offer group health insurance. However, there are still many reasons why you should consider it, some of the benefits include:

  • Employee Retention: The retail sector experiences higher employee turnover rates than other industries, but that doesn’t mean you have to be okay with high employee turnover. Investing in quality group health insurance is one of the best ways to offer an incentive that will cause employees to stick around for a while. This in turn saves you time and money, by minimizing the need for training new employees.
  • Reduced Sick Days: You rely on your staff to show up each day, right? For a small retail business, having employees call in sick can often throw a wrench in things, especially for those with a smaller staff. However, a quality health insurance plan will ensure that your employees remain healthy and you don’t have to scramble last minute to find people to pick up shifts and worry about whether or not you’ll have enough people on the shop room floor to help customers.
  • Affordable Plans: As a small business, you’ll be privy to more affordable health insurance plans than other, larger companies. This is important, as managing your budget properly is paramount to your success. As a small business, you’ll be able to provide the most affordable health plan for you and your employees.

Contact us today for more about health insurance solutions for small businesses!

As one of the area’s best critical illness insurance providers, the team from DFSIN Toronto West would love to talk to you more about our insurance solutions for small businesses. Contact us online today or call (416) 695-1433.