Value-Added Tools & Services
Bankers Insurance partners with our clients in business. We offer many no-cost tools and services to help them succeed, better manage human resources, administer group benefits, and reduce insurance costs. Selections vary depending upon insurance package.
Business Management Services
Claims Advocacy
Staffed with dedicated claims advocates, we support our clients through claim challenges, including fighting for coverage after denials are improperly issued. Nothing proves the value of insurance more clearly than a claim. That’s why we exist, so when a loss occurs, our clients receive benefit. Our claim unit fights for our clients, resulting in over a hundred million dollars paid each year.
Contract Review
We can analyze contractual defense and indemnity provisions to determine our clients’ contractual exposure to risk. We check for compliance on additional insured provisions and insurance requirements, and evaluate other contractual provisions.
Employee Manuals
Don’t let the task of creating an employee manual weigh on you. Bankers Insurance has the resources to provide employee manuals specific to most every industry. Our clients then tailor them to their specific business needs, formalizing their plan. We provide this service at no cost to our clients upon request.
Loss Control Services
We assist our clients by being proactive in preventing, reducing and/or managing their safety and risk management exposure.
Stewardship Report
We can provide an annual analysis of all lines of coverage over a five year period to identify pricing, claims, and coverage trends, then implement solutions to problems uncovered.
Safety Manuals
Employee safety is of primary concern, protecting your business from claims and insurance price increases. We can provide draft safety manuals for most industries, aiding in OSHA and other regulatory compliance.
Safety Tips and Brochures
A formalized safety program typically requires recurring safety training. We can provide safety brochures and tips on everything from forklifts to snow plows to ladders to car washes.
Workers Compensation Experience Modification Review
Bankers Insurance can review your workers compensation experience modification to ensure it has been properly calculated. We can also advise how to minimize a claim’s impact on your experience mod. Reference Reduce Workers Compensation Claim Impact by 70%.
Incident Investigation Guides
A responsible employer needs to react quickly to an accident with a prescribed investigation procedure for finding the root causes and implementing corrections. Incident investigation guides allow quick and planned actions, demonstrating your company’s commitment to the safety and health of your employees and a willingness to prevent future incidents.
Other
- Thermographic infrared surveys
- Complete risk surveys and reviews
- OSHA 30-hour training
- OSHA visit preparation guides
- Driver and fleet safety programs
- Driver screening and training programs
- Premises liability reviews
- Safety assessment and benchmarking tools
- Supervisor accountability programs
- Best practices assessment / gap analysis
- Regulatory guidance
- Sprinkler system evaluation and analysis
Human Resources and Benefits Administration
Strong human resources processes are vital for a growing business. The challenges are many, and Bankers Insurance offers key tools and services to boost productivity, streamline hiring, automate employee management, and stay abreast of the continuously changing federal and state labor law landscape. Providing a robust benefits program sets your business up for hiring success and helps retain key employees. As your business partner, we are committed to supporting and protecting your company.
Strategic Planning for Benefits
We recommend our clients make employee benefits management a strategic initiative. By defining objectives and developing an action plan, you ensure an organized, comprehensive approach to fulfilling employee benefit needs. Our strategic planning services include ongoing evaluations of all your plan’s characteristics, such as access, service, and price, all to ensure a proper balance. These efforts shield your plan from becoming obsolete as new trends and market factors emerge, and can aid with budgeting and long-term cost management.
Simplifying the Complex: Plan Presentation
Many companies dread their annual benefits renewal. It is time-consuming, full of rules and regulations, and tough to balance your budget with the best interests of your employees. At Bankers Insurance, we do things differently. Our process gives you more control and helps you understand options, so you choose the best plan for your company’s unique needs. Using plan designer software, we present interactive models and scenarios to show you the impact of plan design changes on the spot. We make life easier.
CLARIFY
- Our plan designer’s visual presentation makes it easy to understand all options, simplifying the conversation.
- Plan models are displayed visually. We manipulate them in real time to explore creative solutions to suit your needs.
ACA COMPLIANCE
- Benefits are more complex than ever; we help you remain compliant with today’s regulations.
- We explore funding and contribution options and you determine best fit.
- Educated plan decisions are easier than ever.
GET TO A SOLUTION FASTER
- Our real time modeling capabilities mean questions are answered on the spot and alternatives are explored in the same meeting.
- No more lengthy spreadsheets and drawn out renewals.
- Make smart decisions in 1-2 renewal meetings.
VIEW PLAN IMPACT IMMEDIATELY
- Experience an interactive presentation that can model alternative scenarios in real time.
- Easily view current plan, renewal and proposed plans.
- Access high-level overviews and detailed plan comparisons.
- Visually quantify the impact on both your budget and employees.
SEE THE TOTAL PICTURE
- Start with your targeted budget and explore options within that range.
- Model the impact of different funding vehicles to see the impact on your budget and employees.
- See a complete picture by including important aspects such as HSA and HRA contributions, deductible and coinsurance, and utilization projections.
- Ensure compliance with ACA.
- Manipulate options in real time to answer questions as they come up.
SAVE TIME AND MONEY
- Explore plan options in one meeting, so you can make an educated decision you are comfortable with.
- Discover and model creative plan options to help you save money while still offering a competitive benefits package.
Plan, Organize, Simplify, Clarify…
Purchasing
We are your insurance agent and advocate in the complicated world of employee benefits. We offer and explain options so you can choose which plans best suit your needs. We specialize in evaluating, negotiating with, and recommending insurance companies and providers to our clients, employing rigorous selection criteria and performance objectives.
Account Management
Each of our clients is assigned a dedicated account manager and provided their email and a phone number that rings right on their desk. They are your benefits and HR “concierge”.
- Plan enrollments, changes or terminations
- Claims, billing or benefits questions
- Forms, documents and educational materials fulfillment
Compliance Resources
Bankers Insurance offers access too legislative briefs and educational articles which affect employee benefits insurance, your industry, and your business. These explain important regulations and help you remain compliant. Materials cover health care reform, COBRA, HIPAA, FMLA, Medicare Part D, ADA, state-specific legislation and more.
Cobra Administration
Compliance is an integral part of employee benefits administration. Federal compliance can be confusing and non-compliance can be expensive. An employer deemed to be out of compliance with COBRA regulations can incur fines up to $200 per day per incident with an annual maximum penalty of up to $500,000 from the IRS.
Our partnerships with benefit administrators provide robust COBRA administration solutions, eliminating hassle and risk, and allowing clients to focus resources on their core business. Our benefit administrators save time, prevent costly errors, and reduce liability.
HR Hotline
Through our partnership with national HR consulting services, our clients have access to HR Experts whenever they have questions or concerns.
Documents
We offer our clients benefit notices required by law and assist them with producing other required documents such as wrap plan documents and SPD’s, Section 125, and 5500 reporting.
HR Management Tools
Check out the following tools we offer our clients, free of charge.
- MyWave – An extensive library of HR and Benefits information, templates, and management resources.
- Employee Navigator
- SESCO
Health Care Cost Management
Health care costs continue to increase. If you have an HSA or HRA plan, we can support you from design through implementation and employee education. We offer materials to help employees become smart health care consumers and promote consumerism strategies that lower costs.
Retirement Plan Support
Retirement plans are complex to administer and can come with a host of legal obligations and regulations. Simplify with Bankers Insurance. We offer informational articles plus tools to educate and promote your offerings to employees. We also offer valued partners to help evaluate your current options and provide additional solutions.
Employee Education and Communication
Many employees never take full advantage of their benefits because they don’t understand them. Educate employees about your benefits and how to best use their plan with a range of materials from Bankers Insurance. Plus, our communications can help employees understand how various laws impact them and their families, such as health care reform, COBRA, and FMLA.
Employee Satisfaction Measurement
Employee satisfaction is paramount to retaining top employees. Bankers Insurance can help you measure employee satisfaction and engagement, plus develop strategies to improve. In addition, you’ll have access to fully customizable benefits statements to educate employees on the full value of their benefits and increase employee appreciation of their total compensation.
Workplace Wellness
We are committed to helping clients implement workplace wellness initiatives that reduce costs and increase employee productivity and satisfaction. We can build and customize a wellness campaign specific to your company and employee needs. Through our online services, we can provide payroll stuffers, posters, employee newsletters, and educational flyers on health and wellness, designed to help drive consumerism in your workplace.
Seamlessly manage your insurance coverage on-the-go! Each business client can use this tool to:
- View auto ID cards
- Request policy changes
- Report a claim
- Pay bills
- Confirm coverages
- Contact your account manager
- View insurance documents
New features added all the time!
Powerful Features
Click by Click Walk Through
Getting quick answers to tough questions enables our clients to stay ahead of their competition. Your MyWave subscription features legal guidance, HR tools, safety resources, industry news, and employee training programs. Whether you need an up-to-date employee manual, industry-specific safety program, or simply want to catch up on business trends, start with Mywave to stay current, be informed, and lead the pack.
Stay Current
Access the latest industry content, tailored to your preferences, including breaking regulatory and legislative updates. Content reviewed by a legal team and HR professionals.
Teach and Learn
Train employees using professionally produced online video courses on topics ranging from chemical safety to proper lifting techniques to defensive driving. Assign courses to workers and track progress.
Boost Safety and Education
Easily find thousands of resources with topics ranging from educational articles, safety manuals and tips, employee communications, forms, and compliance tools.
Update OSHA
Update your OSHA logs and record injuries. Even export incidents in a CSV file compatible with OSHA’s upload tool for electronic reporting.
HR, Benefits, and Business Compliance
Your online source for must-have HR tools, forms, and guidance. Packed with educational videos, articles, surveys, checklists, letters, and forms, your business will stay abreast of important issues and compliant with federal and state laws. Features include:
- Employee Handbook Builder
- COBRA Notices Generator
- Compliance Notice Builder
- Custom Job Description Builder
- ACA Reporting Tool
- FMLA Advisor
- Compliance Poster Builder
- Employee Cost Calculator
- Enrollment Booklet Builder
- Health Plan Compliance Calendar
- Phone Interview Question Builder
- Salary Benchmarking
- And much more…
The Affordable Care Act is only one of many pieces of legislation with which your company must comply. The frequent changes to laws is intimidating and time consuming. To streamline your entire benadmin process, we’ve partnered with Employee Navigator.
ACA & COBRA
Enjoy powerful, simple tools to make ACA compliance easy for everyone.
- Eligibility Tracking for Hourly Employees: Set-up stability and administrative periods, track hours during measurement periods, identify eligible employees, and import hours.
- 1094/1095 Reporting Tool: Track and categorize employees, import health plan enrollment data, calculate affordability & monthly FTE, and generate and send 1094-C and 1095-C reports.
- Automate direct communication with participants and sending all COBRA notices
- Eliminate error-prone manual processes
- One system for entry of new hires and terminations
- Integrate directly with your COBRA Third Party Administrator
Online Enrollment
Speed enrollment with paperless onboarding and efficient enrollment management. Attract and retain great talent by offering an extensive benefits package with less administration. Employees utilize an easy-to-navigate self-service online portal or mobile app.
- Compare and select plans
- Review coverage status for all employees
- Monitor employee enrollment status and deadlines
- Manage contribution levels
- Store, review, and acknowledge important plan documents
- Improve employee communication with integrated messaging
Asset Tracking
Assign and track everything from office keys to laptops and cell phones all from a single dashboard.
- Manage and track all your assets from procurement to retirement.
- Reduce the likelihood of assets getting lost or stolen.
- Easily assign assets to new hires and retrieve them from terminated employees.
Paid Time Off
Request, review, and approve PTO without breaking a sweat.
- HR & manager approvals & permissions
- Approve requested PTO with one click
- Customize company policies
- Configure company holidays
- Ensure accurate accruals
- Review your team’s time off history
- Employee Self-Service
New Hire Onboarding
Enjoy delightful onboarding. Get new hires up and running without endless amounts of paperwork. There’s no shortage of policies that employees need to sign off on; our digital file makes tracking them a walk in the park. It’s compliance, simplified.
- Intuitive self-service tool
- Customizable for every business
- Comprehensive audit trail
- Simple to set-up and manage
- Paperless benefit elections
- Easily complete new hire forms
Integrated Payroll
Enjoy seamless integrations with many payroll providers. Spend less time on administrative work and more time building a great business.
- Eliminate dual-entry
- Available to employers of all sizes
- Quick turnaround and low cost
- Improve data accuracy
HR Management
Centralize your HR records online and sync your employee data across multiple systems, including payroll, benefits, and time off.
- Employee Self Service: Employees can view and update their own information. They can request time off, make benefit elections, view company related documents, and even make life event changes.
- Automatic Employee Updates: With Employee Navigator, changes to employee information, such as addresses, promotions, and terminations will automatically update across the Employee Navigator platform. Say goodbye to dual entry.
- All Your Documents, Available On Demand: Store and distribute all of your company’s documents in one place. From handbooks and agreements to benefits and compliance forms, you can store everything in one secure location.
Learn More
Employee Navigator is provided free of charge to select clients of Bankers Insurance. However, an investment of time is required from both your business and Bankers Insurance to ensure a proper setup. This time investment pays dividends for many years to come in the form of efficiency, speed, and simplicity. If interested, simply contact your sales executive and ask about Employee Navigator.
No matter what the company or industry, human resource issues arise. No business is equipped with all the manpower, knowledge, or tools to handle every situation they may face. Our partnership with SESCO Management Consultants helps your management team with human resource and employee relations issues.
SESCO exclusively represents management and by providing telephone, email, and research consulting to your company, should you need answers on:
- Training
- Compensation
- Employee Satisfaction Surveys
- Affirmative Action Programs
- Employee Handbooks
- Much More
In Closing
We are dedicated to our client’s individual benefit needs, supporting their HR department, and providing the personal level of service they deserve. Employee benefits can be complex – let us move work from your desk to our services. A good benefits package is a great recruitment and retention tool and is vital to customer loyalty and satisfaction. Thus, choosing the best benefits strategy includes addressing the needs of your employees in the most efficient and effective manner. Our industry experience and understanding of current challenges allows us to deliver better personal service and the right plan for your company.
Our relationship with you is the first step in creating a robust and effective benefit program. You will receive personal attention when questions arise. We promise the time it takes to understand and build the plan you want for your company along with the knowledge and resources of a local agent. Remain ACA compliant, streamline enrollment and onboarding. and take advantage of our tools to make your benefits program efficient.