The Group Advantage: No-Cost Employee Benefits

In a tight labor market, offering a robust benefits package is key to attracting and retaining top talent. But what if you could offer a no-cost benefit that not only saves your employees money but also helps your business’s bottom line? It’s possible with a group auto and home insurance plan.

The Problem: Employees are Overpaying and Overstressed.

The single largest complaint most customers have about their auto and home insurance policies is cost. For auto insurance, the cost is continually rising due to more expensive repair bills and an increase in serious accidents. For home and renters policies, increasing damaging weather events pairs with inflation to make premiums rise. Adding insult to injury, many companies don’t bother to ensure their policyholders fully understand their coverage, leading to unsatisfactory settlements and coverage gaps from underinsurance.

The Solution: A No-Cost Employee Benefit

As a business owner, you want to ensure your employees are getting the most out of their insurance; individuals struggling with auto and/or home insurance claims typically are not at their best at work, detracting from overall productivity. With a group plan, your employees get lower premiums, enhanced risk protection, and more forgiveness for blemishes, all at no cost to you. In addition, businesses that offer auto and home policies as a voluntary benefit to their employees are able to attract top talent and boost employee morale & loyalty, while simultaneously enhancing the company culture.

Introducing the Mercer Auto/Home CHOICE Program

Favorite Coverage has partnered with Mercer to introduce the Mercer Auto/Home CHOICE program to your business. Geared to save both time and money, the program collects multiple quotes, allowing users to compare coverage and premiums from several carriers in one place. Licensed insured counselors are available to provide live support, advice, and assistance. There’s no need to wait until current policies are up for renewal, either; employees can choose to change their provider at any time. While not every employee will save money with us, an average one-year savings of over $750 has been reported for those who switch their auto coverage.

A Revenue Stream for Your Business

Have you considered offering home and auto insurance to your employees, but you are loath to add administrative time and resources to the task? Favorite Coverage understands that. We provide all marketing materials and will market directly to your employees for you, minimizing effort and maximizing your business’ draw to new hires.

Our business model is built on the premise that you should make money too! For example, automotive dealers who offer Favorite Coverage to their employees will also have the opportunity to market the offering to their customers, generating residual revenue for themselves for years to come. 

Get Started: Learn More About the Mercer Program

Ready to see how a no-cost employee benefit can attract top talent and generate residual revenue for your business? Click here to learn more about the Mercer Auto/Home CHOICE program.