Small Business Health Insurance

If you are a business owner with more than 2 employees and up to 50, then you fall under the small business category. This means you will need small business health insurance to cover your employees and it is a must. Although it is not a federal rule, it make sense to have it because you can get sued by one of your of employees over work-related health problems.

Reports show that more than 80,000 cases are filed every year in the United States against employers for injuries and illnesses caused due to work and work conditions. And, the employer is not even aware until they are hit with court charges and nevertheless he or she ends up paying a fine or penalty. So it is better to give your employees the small benefit of insurance than rather pay exorbitant penalties in court charges.

Workmen’s compensation prepares you and your business to plan better and also safeguards your small business from unnecessary expenditure and overheads. Budgeting for employee insurance plans on a yearly basis is the wisest thing to do for any small business owner. A small business health insurance will cover various aspects like work related injuries and the hospitalization costs for an employee who is sick; also it takes care of the monthly salary and compensation during the recovery period.

This monthly compensation can vary for the time period the employee can be covered based on the seriousness of the injury or illness. Based on your business needs you can get a comprehensive small business health insurance plan. All you need to do is look for the correct plan with the right insurance company.