Month: November 2022

What are Web Services? Which is Better, REST vs SOAP?

November 29, 2022

The term “web services” is probably something you’ve heard mentioned from big technology companies and their products, like Amazon Web Services or Google’s Web Service and Cloud. But what are web services exactly?

Even if you’ve heard of these services, it can be difficult to understand them since they have involved workflows. It’s helpful to know how these services function because they can increase efficiency and make user experience more enjoyable.

So, how can you understand web services and how do they function? Keep reading to understand how they are the silent but critical backbone of our modern device-driven world!

What are Web Services and How Can You Understand them?

They can be defined a few ways, but one simple explanation is that web services are the means by which devices communicate over the internet or the World Wide Web. They include any application, cloud technology, or software that provides standardized web protocols.

Web protocols are HTTP or HTTPS which communicate and exchange data messaging throughout the internet, usually using XML, or Extensible Markup Language. So, whether you’re using a mobile app or a search engine, the interface is on your device, but the data is live on a server. Your interface or device communicates with the server.

In practice, a web service usually provides an object-oriented interface to a database server. This can then be utilized by another web server or mobile app. This is what creates the user interface for the end client. Many businesses or organizations will provide data in HTML but will also provide data on their server as XML or JSON.

An important part of understanding web services is the languages used to communicate. Applications can be written in various languages. However, they’re able to still communicate by exchanging data with each other through a web service between people and servers.

What are the Essential Functions and Benefits?

Understanding the essential functions of web services will help paint a full picture and help you to better understand the definition.

Some of the essential functions include being available over internet and intranet networks and using standardized XML messaging systems. Also, it is independent of a single operating system or programming language.

Web services are self-describing with XML language. It supports communication among many applications with XML, SOAP, WSDL, HTML, and other open standards. These function between two sets of apps. They could be java, .NET or PHP, and provides a way for those apps to communicate across a network.

These services have different offerings and benefits depending on the business operations. This technology has greatly improved efficiency for IT pros and web architects. These services help to minimize development time and make connectivity faster and more efficient.

When two businesses use web services, and both understand the process, this can provide efficient technology distribution for a whole network. This means higher ROI for executives!

What are Web Services and the Different Types?

As mentioned above, there are a few types of web services, like SOAP, XML-RPC, REST, and UDDI. Below, we’ll review a few of them so you can better understand what these services really mean.

SOAP is an XML-based web service protocol. This protocol uses HTTP to send and receive data. It also uses XML to enable independent processes operating on separate systems to communicate.

The most basic XML protocol is XML-RPC or Remote Procedure Call. This is used to send and receive data from different devices, all on the same network. Data is easily transferred from person to server by using HTTP.

REST connects devices and the internet for API-based tasks. These services also mostly use HTTP as the protocol.

Finally, UDDI means Universal Description, Discovery, and Integration. This is an XML-based standard for publishing web services, and the goal is to simplify digital transactions and e-commerce for businesses. It’s essentially an internet registry for companies around the world.

Comparing Web Services

There’s a common debate among IT professionals and web developers about which service is better: SOAP or RESTful. In general, it depends on what you’re looking for in a web service since they offer different things.

When it comes to speed and efficiency, a REST is usually the go-to choice. But if you’re looking to build a service with multiple methods, SOAP is a much better option. This is all to say that your business’s requirements will determine which type of a service you should choose.

Some organizations use both options, like Amazon and eBay. These two huge e-commerce businesses use both REST and SOAP for their web services. More companies are beginning to follow their lead and will support both types. This expands their functionality as businesses become more focused on delivering high-quality service.

But it’s important to understand the difference between REST and SOAP so you can have a better grasp on their pros and cons.

What are RESTful Web Services?

The acronym REST means Representational State Transfer. They are lightweight and particularly well configured for APIs. This is helpful for users who are spread out across the internet.

REST is an architectural style of application that transfers representations of resources. This is done through requests and responses.

In this style, it’s important to understand that data and functionality are considered resources. These resources are accessed using URIs, or Uniform Resource Identifiers, which means links on the internet.

The resources are then represented by documents and can be acted upon by using operations that are simple and well-defined.

The pros of a RESTful web service are that it’s readable by humans. It is easier to build than other web services and is lightweight. But the cons include having a lack of standards, along with point-to-point communication.

What are SOAP Web Services?

This web service acronym means Simple Object Access Protocol. SOAP web services were developed by Microsoft as an intermediate language allowing apps built on different programming languages to easily communicate.

This web protocol sends and receives data using XML and typically uses HTTP and SMTP for transmitting data. WSDL (Web Services Description Language) documents are how SOAP distributes a web service description model. Basically, this is how SOAP requests (from a user), and responses (from a server) will appear.

The pros of SOAP are that it’s usually easier to understand and uses more standards, like WSDL. It’s also distributed computing. But in terms of cons, SOAP is more difficult to set up due to complicated coding, and it’s harder to develop.

How Do They Compare to APIs?

They are often mistaken with APIs and there is a lot of common ground. An API means Application Programming Interface. This is essentially the messenger that delivers your request to a provider that you’re requesting it from, and it will then deliver the response back.

Often, they will provide an API, and it’s important to understand that all web services can be APIs, but the reverse is not true. Not all APIs can be web services because there are clear differences between the two.

They can only be hosted on IIS or Internet Information Services. But an API can be hosted on IIS or on an app. Also, APIs are only used for XML and are open source, but they are not open source. They are also used to understand JavaScript Object Notation, not just XML.

APIs are lightweight and used for mobile devices and can use any form of communication. But a web service only uses SOAP, REST and XML-RPC, so it’s not as lightweight. Also, they support HTTP. This is why it’s so well-utilized on the internet. However, APIs support URL, caching, content formats, request/response headers, and versioning.

They are similar in that both are accessed through HTTP to allow for communication between providers and users. They also both process data and receive responses from calling a function.

Understanding What are Web Services and How They Function

What are web services? This technical guide above should help you to understand everything you need to know.

They have truly changed our modern technological world and how the internet functions. Before these advancements, limited integrations prevented faster data exchange between devices, businesses, technologies, and format. They are now vital for modern functionality.

Having an understanding of the different types, the REST vs. SOAP debate, and how APIs play into the larger picture are all important for painting a clear picture of web services.

Click here to read more from our blog and learn everything you should know to run a business today!

What Is Personal Liability Insurance and What Does It Cover?

November 19, 2022

Are you worried about getting caught in an expensive lawsuit? Maybe you just want to make sure you have the right insurance to cover all situations in your life. Personal liability insurance can protect you from situations that could cost you everything.

This will also protect you and others when bad situations arise. Keep reading to learn more about personal liability insurance and coverage options to ensure you’re protected!

How Does Personal Liability Insurance Protect You?

There are three main ways personal liability insurance protects you. It can protect your assets, protect you from lawsuits, and protect your family.

When it comes to your assets, personal liability insurance is typically available through your home insurance or renters’ insurance. It can provide you defense if you’re responsible for damaging property or personal injury.

This can also provide coverage for lawsuits, so you don’t have to pay legal defense fees out of your pocket. You might face lawsuits as a result of accidents happening caused by you, and this can save you on an expensive lawyer and lawsuit.

Finally, personal liability insurance will give you coverage and can also provide coverage for your family. This will depend on your insurance contract. This will cover their actions in and out of your home and can cover you anywhere you go. Coverage might also include things that happen due to negligence.

Who Should Have This Type of Insurance?

No one can predict whether you’ll end up needing to use this insurance in the future. Also, no one can predict the unintended accidents that you or your family might be held accountable for. But it is certain that if you’re responsible for an accident that causes someone else damages either to their property or person, and you aren’t protected, you could end up with a huge financial burden.

This type of insurance is important for any adult who is living on their own and responsible for their actions. Depending on your current type of insurance coverage, adding personal liability might end up only costing you a bit more each month and could save you a lot of money down the line.

An important reason to get personal liability insurance is for your future assets, even if you don’t feel you have anything to protect right now. If you do have assets right now, not having this coverage could mean losing investments, property, and future assets or earnings like wages.

Do You Need Personal Liability Insurance?

Again, no one can predict if you’ll need coverage for an accident in the future, but it’s important to think about all possibilities. Consider this coverage in the event of a false accusation.

If someone believes you harmed their property and takes you to court, having personal liability insurance will mean that you don’t have to pay for the cost of a defense attorney.

Also, if you think accidents could happen at your home, it’s in your best interest to have coverage. If you have a slippery driveway or a dog that could bite someone, having personal liability insurance will come in handy. Statistically, it’s also a good idea to have liability coverage.

Did you know that one in 15 insured homes have a claim each year? What’s also important to note is that only one in 1,000 homeowners’ policies have a liability claim. If something happens and you aren’t covered, you could end up paying for it fully on your own.

What Does Liability Insurance Cover?

Every insurance policy and insurance contract are different for each homeowner. So, it can be a bit difficult to predict what will be covered in your policy. In general, most personal liability insurance consists of a few things.

One aspect of the coverage could be medical bills that you end up with due to injuries sustained by someone who comes to your home. Another coverage aspect is legal fees if you’re sued over an accident at your home.

Also, if an injured party is unable to work or earn money after the accident, this insurance might cover lost wages. Personal liability insurance could also cover death benefits awarded to the family of a person who died on your property.

Lastly, away-from-home coverage is an important part of personal liability insurance. This means you’re protected if you’re found responsible for damages that happen somewhere other than your home, like a hotel or resort.

It’s also important to understand what will not be covered by this type of insurance policy. Purposeful intent might not be covered. For example, someone who tries to damage their belongings on your property to collect money.

Also, if a person in your family is the one who is injured or their property is injured by you or another family member, it’s unlikely that personal liability insurance would cover damages.

How Do You Get This Insurance?

Most homeowners’ insurance policies that are on the market offer personal liability insurance as a standard. Getting this type of coverage can be as simple as expanding your current insurance policy.

But if the coverage limits for liability insurance don’t suffice, you can extend coverage with a personal umbrella policy. This can fill the gap between what your liability coverage will pay for and any other fees from an accident that might arise.

What are Other Forms of Personal Liability Insurance?

Along with the personal umbrella policy, another form of liability coverage that your provider might offer is home business insurance. This insurance will protect people like freelancers who use their home as a business space.

So, if you’re a freelancer or use your home for any type of business and an accident happens that is related to that business, this insurance will protect you. Business liability insurance protects the policyholder from lawsuits or third-party claims. This can also save you from needing to spend a lot of money on legal fees in the future.

Again, the type of liability coverage included in a homeowner’s policy will vary depending on the provider. Contacting your provider and understanding what you’re asking for will help you get the best type of coverage.

How Much Does It Cost and How Can You Save Money?

Since personal liability insurance will probably be included in your homeowner’s insurance, you will probably not need to pay for this policy on its own. But the premium on your current insurance plan will vary.

This will depend on the coverage limit that you set for your liability insurance. Essentially, the higher the coverage limit, the more you’ll probably pay in premiums.

To save money on your insurance policy, think about the factors that contribute to the price you’re paying. So, one factor is the amount of monetary coverage you’ll receive if an accident happens. A policy could start around $100,000 of coverage and then increase.

Some personal umbrella policies offer millions of dollars in coverage, which will give the policyholder peace of mind. So, the more you’re paying in premiums each month will increase depending on the coverage limit you have.

If you’re looking to save money on your liability insurance policy, you could consider how much financial coverage you need. You could save money by reducing your existing coverage limit.

Also, consider if you need any additional coverage. If no additional insurance is necessary for your life, you could save money each month by keeping your policy simple. Being mindful and strategic about your coverage and how much you need your limit to be will save you money.

How Do Claims Work?

The claims process for this type of insurance will depend on the accident that happened. So, a person who was hurt on someone else’s property could ask that the homeowner cover their medical expenses using their liability insurance. At that point, the homeowner would file the claim on behalf of the insured party.

But if the homeowner doesn’t believe they’re responsible for the accident, they could refuse to file the claim. This situation could then escalate to a lawsuit, and the injured party and the homeowner would file claims for legal defense.

Another factor in the claims process is the state where the accident occurred. There are some states where a victim can file a claim against the homeowner’s insurance company, rather than going through the homeowner. But there are other states where the only person able to file a claim is the responsible party or homeowner.

Understanding Personal Liability Insurance Can Save Your Future Assets

Personal liability insurance is important for homeowners who want to protect themselves and their families from legal fees after an accident happens.

It’s important to understand what personal liability insurance could cover for you and how to go about getting this insurance policy. Being informed about cost and how to save will help you get the right coverage that will work best for your financial future.

Click here to learn how we can help you get all the coverage you need today to protect yourself and your financial future!

Learn How to Start an eCommerce Business for Success in 5 Easy Steps

November 7, 2022

There is no escaping the fact that eCommerce sales and the industry as a whole are witnessing unprecedented growth. As it stands, the largest 18 eCommerce platforms rake in more than $1 trillion in global sales annually. In addition, these were the numbers before COVID-19 made traditional brick-and-mortar stores a literal health hazard.

This, in turn, caused astronomically high demands and profits for eCommerce businesses. Therefore, if you’ve been thinking about how to start an eCommerce business, now’s the time to plan. Keep on reading for a full breakdown of how to start an eCommerce business in five steps.

How to Start an eCommerce Business 101

As it stands, you’ll encounter some major differences between starting a traditional brick-and-mortar business and an eCommerce one. However, they do share some similarities, at least in the planning, researching, and legal phases.

1. Research the eCommerce Market and Select a Niche

Before starting any type of business, conducting solid research into the market you want to enter is a key ingredient to business success. For example, in the case of starting a restaurant, the first step would be looking into a variety of different locations, the type of cuisine, and even the themes. The same rule applies to eCommerce.

You’ll have to decide on whether you’ll be selling a product or a service. Then, if it’s a product, you’ll need to identify whether it’ll be a digital or physical product. Furthermore, what type of business model will you be following?

For example, you can be B2B, B2C, or even C2C. In addition, you might want to consider exploring what a subscription model can do for your product or service. After setting the base of what your business will be selling and its model, the next step would be researching how exactly your product or service will make its way to your customers.

Financial and Legal Research

Now that you’ve taken a cursory dive into what your business will look like in terms of products and customers, it’s time to untangle the finances and legalities. Generally, it’s preferred to create a list (or even a spreadsheet) of what your startup costs will look like. They don’t have to be 100% accurate, but rather a good estimate.

Yet, try your best to provide yourself with as close of an approximation to the actual costs as possible. Afterward, start researching what the legalities and regulations are in regard to the product or service that you have in mind, or even your business model.

The Building Blocks of a Business Plan

All of this research will help you create a concrete business plan and provide a stable ground for your business to be built on. Also, it’s essential to choose your niche at this part of the process. Selecting the right niche for your product or service will deeply affect all the research you’ll be doing as well as the direction your business plan will take.

In addition, once you have an initial plan in place, it’s time to extend your research outwards and take a close look at your competitors. Competitor research will help you correctly position your business in terms of customers, branding, and marketing.

2. Choose Your Business Name and Legal Structure

You’re now the proud owner of a concrete eCommerce business plan. Now, it’s time to choose a name for your business. Considering the naming conventions of businesses, you’ll want to pick a name that’s unique.

Yet, you’ll want to ensure that it’s deeply connected to what your business does. After adding a couple of potential name candidates on a list, you’ll have to consult your local secretary of state’s website in addition to the U.S. Patent and Trademark Office.

It sounds terrifying. However, all you’ll need to do is confirm that your business name hasn’t already been claimed by another business. On the other hand, keep in mind that before closing the deal on your business name, you’ll want to check whether there’s domain availability for that name.

For example, if your business name has already been used in a domain, you might want to consider picking another one. It’s essential that your business name matches your domain. Otherwise, you might lose customers to competitors who might visit their website instead of yours due to confusion.

Your Business Legal Structure

With a freshly minted business name, you’re ready to choose your business’s legal structure. The reason why we emphasized the importance of research in the first step is due to the legal and financial implications that your legal business structure will have on your eCommerce operation. Usually, you’ll get to choose between a sole proprietorship, a general partnership, LLC, or a corporation.

Each business structure comes with its own advantages and disadvantages. Therefore, see if you can afford to consult with a lawyer or a legal professional for advice on which might be best for you in the long run. On the other hand, know that you can start with the simplest business structure and change it down the line as your business grows.

For instance, if you chose sole proprietorship or general partnership, you might not have to register in the state where you’re located. In this case, your business will be legally associated with your name. This means that you might need to file a “doing business as”, also called a DBA, with your local government. It basically states that your business doesn’t have a separate entity. In the eyes of the law, you and your business are one.

3. Apply for an EIN – Before You Start an eCommerce Business

At this point, you can go ahead and apply for an EIN. This is the employer identification number for your business. Now, depending on your chosen business entity you might not be required to have one.

However, this nine-digit-number will be essential for separating your personal finances from your business finances. Additionally, you’ll find that out of the majority of legal procedures and paperwork you have to tackle for your business, applying for an EIN is refreshingly easy and straightforward.

All you’ll need to do is fill out the form from the IRS for free. You can do so online, by mail, fax, or even on the phone. Furthermore, as you’re going to be an eCommerce business, you might as well apply for it online. After submitting your form, you’ll receive your EIN almost instantly.

4. Get Your Business Permits and Licenses

This is the time to obtain any business licenses or permits that you’ll need to legally run your business in your city and state. If you happened to go with a sole proprietorship or general partnership as your legal business structure, then (as we previously stated) you won’t need to register your business with the state.

On the other hand, for the remainder of business entity types, you’ll have to register your business with your state. You will be granted a general operating license, and even a local operating license in some cases. Generally speaking, most eCommerce businesses are home-based.

This translates into fewer business licenses and permits required. Yet, you’ll have to confirm that you’ve checked all the boxes your area requires from you. You can easily do so by checking your state or local government website for all the details.

5. Select Your eCommerce Platform and Create Your Website

Congratulations on making it this far. You’ve completed all the paperwork required for you to legally start your eCommerce business. Prior to this step, all of the tasks you had to accomplish mimicked the processes of starting a brick-and-mortar business.

However, from here, we get to start creating your website and online store instead of searching for a location and creating your physical store. Your website is your brand, your storefront, and where you keep your product or service. It’s critical for you to take your time building a great looking and well-functioning website.

As we’ve said before, your website will start with your domain name. Finding the right domain name will take you through a journey of different eCommerce platforms, like Shopify, Magento, Wix, or Squarespace. Pick your eCommerce services and platform with care.

It won’t only help you with building and developing your online store. It’ll also allow you to customize your designs and manage your inventory. Besides, it’ll allow you to receive and ship orders, receive payment, add your domain (or even purchase one), and market to potential customers.

How to Start an eCommerce Business for Success – Begins with Funding

Simply learning to start an eCommerce business is the very first step on your business journey. Now, we’ve taken the process apart starting with your planning and research and ending with your actual eCommerce business prime and ready to go.

Yet, if you’ve done your research, you’ll know that a huge issue that pops up in your research will be acquiring enough funding for your eCommerce business. Therefore, make sure you check out these small business loans as well as SBA loans that might be available to you.

Remember that all the great successful business started small and built their way up. The most common trait that leads to their success is learning all about how businesses operate. Thus, check out our blog for all the advice and business guides you’ll need.

Group Health Plan: What It Is, the Different Types, and Everything in Between

November 1, 2022

When you’re starting a business, there are a lot of decisions you have to make. What sort of business model will you use, will you rent or buy a building, and how will you handle the hiring process? But one of the big questions you’ll have to answer is what sort of group health insurance plan you’ll get.

Health insurance is one of the standard benefits employees expect their job to provide. But how do you know which sort of group health insurance plan is right for you? Read on to learn more about group health insurance and how the different plan models work.

What Is Group Health Insurance?

Group health insurance is a type of coverage provided by an employer or an employment group. An employer purchases and manages the insurance plan. They then offer coverage through the plan to employees or group members and their dependents or other immediate family members.

With a group health insurance plan, the risk of health expenses is spread across the entire company. Everyone pays a predetermined amount that covers routine expenses like check-ups and such, plus a little extra. That extra goes towards covering more major expenses like an employee’s dialysis or chemotherapy treatments.

How It Works

When you have a group health insurance plan, your insurance company pays for a portion of your employees’ medical care. If someone has a regular check-up, for instance, they may only have to pay $20 of the expenses for the appointment. This portion they have to cover is called a co-pay.

Once a patient reaches a certain point in their medical expenses, however, group health insurance will start fully covering some of their expenses. This amount is called their deductible, and it’s usually somewhere north of $1,000. If an employee winds up in the hospital for an accident or illness, this deductible is a small amount for them to pay compared to their full bill.

Advantages of a Group Health Plan

There are several advantages to having a group health insurance plan. First of all, the better your employees’ medical care, the fewer sick days they’ll have to take off. If someone can go to a doctor and get a flu test and a prescription for the proper medication, they may be able to get back to work within twenty-four hours, compared to several days without treatment.

However, having a group health insurance plan can also help improve your workplace culture. For one thing, your current employees will be more likely to be loyal to your company if their job there allows them to get excellent medical care. You’ll also be able to recruit better-quality employees if you can offer a competitive benefits package, including excellent health insurance.

Fully Insured Plans

There are several different styles of group health insurance plans, starting with fully insured plans. This type is a more traditional model that involves the insurance company taking on more of the risks associated with healthcare costs. They then charge your business an annual premium for the benefits the policy provides, and your employees pay some of that premium, in turn.

The insurance company uses several factors to determine what your particular company premium will be. This can include the size and average age and health status of your workforce. They may also look at which industry your company is in, what level of coverage you want, and your corporate claims history.

Self-Funded Plans

A self-funded plan is a model that places control over – and responsibility for – your plan in your hands. Whereas in a fully insured plan, your insurance company assumes the risks associated with health insurance, in a self-funded plan, you take on that risk. But you also have full control over the coverage and benefits you offer to your employees.

If you have a relatively healthy workforce, a self-funded plan can save your company some money. But if one of your employees is diagnosed with a chronic, expensive disease, you’ll be responsible for covering those expenses. Small businesses can go for a partially self-funded plan that involves certain cost limits after which your company isn’t required to cover expenses out of pocket.

Level-Funded Plans

Level-funded plans are similar to fully insured plans in that the insurance company assumes the risk of the health insurance plan. They assess your workforce based on a number of factors, including census data. However, they also base your rate in part on claims allowances, fees, and stop-loss premiums, as well as other features you want included in your plan.

Where level-funded plans really differ is that they can change premium rates every year. When your plan renews, your insurer will evaluate how many claims your company made during the year. If you made relatively few claims, your premium may drop, or if you had several expensive claims, it may rise.

Health Maintenance Organization

A health maintenance organization is somewhat like the country club of insurance plans. Under this model, your employees will pay for a specific set of health services through a list of approved providers. If an employee sees a provider outside of the network, they may have to pay the full bill for the appointment.

Health maintenance organizations can be a somewhat cheaper option for group health insurance since you’re only paying for a given set of services. However, this model does leave your employees at greater risk of having uncovered medical expenses. Certain specialists may not be included in your network, but an employee may have to see them and be forced to pay out of pocket for the expense anyhow.

Preferred Provider Organization

A preferred provider organization plan is something of a hybrid model of the health maintenance organization. Your plan will still have a specific network of care providers that it will cover fully. However, there will be more flexibility for your employees with this plan model.

Rather than having to foot the entire bill for appointments outside your preferred network, employees may have to pay higher copayments or additional service costs. This allows you to take advantage of the lower costs of a specific network of providers. But it also provides your employees with more protection and coverage than a health maintenance organization offers.

High-Deductible Group Health Insurance Plan

If you’re looking for low monthly premiums for a group that doesn’t use a lot of health services, a high-deductible health plan can be a great option. As the name suggests, these plans have a relatively high deductible – sometimes in the neighborhood of $6,000 or $7,000. The trade-off is that these plans also tend to have very low monthly premiums.

If you have a relatively healthy workforce, they may not pay a tremendous amount towards their deductible each year. Having lower monthly premiums can help them save money on their health insurance expenses. And while they will have to pay more out of pocket in the event of a catastrophe, they’ll still have the protection of a full health insurance plan in that event.

Health Savings and Reimbursement Accounts

Oftentimes, high-deductible health plans are paired with health savings accounts. These savings accounts are tax-free, and the money there can be used to pay for health expenses. If they choose, your employees can take the extra money they’re saving on their low premiums and put it in one of these accounts to help cover the higher deductibles.

As an employer, you can choose to help employees contribute to these accounts. A health reimbursement account works the same way as a health savings account, except that you are also contributing to the account. In combination with a high-deductible health plan, this can be a great way to get your employees affordable coverage.

Deciding on the Right Group Health Plan for You

There’s no one right answer to which group health care plan is right for you. You should take a look at your workforce and their overall medical needs. You also need to take a hard look at your budget and determine how much money you can devote to health insurance.

If you have a young, healthy workforce and your industry carries low health risks, high-deductible or self-funded plans can be a great option to save money. But if you have an older or less healthy workforce, or if your industry carries more health risks, you might be better off with a traditional plan. This will offer your employees the protection they need without exposing you to undue risk.

Learn More About Group Health Insurance Options

Group health insurance has become one of the standard benefits employers offer to their workers. Choosing which variety of a group insurance plan you want to offer depends on your specific situation. Evaluate your workforce needs and your budget, and you’ll find a plan that works well for your employees’ health, and your bottom line.

If you’d like to get more help managing your company’s group health insurance, check out the rest of our site at Your FundingTree LLC. We provide growing businesses with budget-friendly employee benefits and group health coverage. Learn more about our group health coverage options today to start better protecting both your employees and your business.