Contrary to popular opinion in a volatile market, it is almost always a smart business move to offer some form of group insurance to workers. The benefit markedly boosts employee loyalty, aside from the fact that coverage maintains the health of those that work for you. Group insurance is also surprisingly affordable. When you buy a plan for a large group, premiums fall; the economics of scale kick in when there are bigger numbers involved. And smaller groups than you may think are considered “big” in the insurance realm.
Additionally, you can form a group of small business owners and leverage the numbers to get reasonably priced group insurance. It’s worth the effort to reduce the premiums for personal insurance. There are many ways to form the group you want to get the kind of insurance you need — not just for your workers, but for yourself as well.