Blog

Factors that Increase the Cost of a BC Employee Benefits Plan

It’s important to identify the unknown factors that increase the cost of a BC employee benefits plan, so you can properly educate your employees on how to effectively use the plan. Excessive claims can result in an increase in your premium when it comes time to renew your plan. We wanted to identify a few…
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How Far does Your Dollar Go Inside a Standard Employee Benefit Plan?

Many business owner that are facing an increase in premiums might consider shopping their plan to a new provider. It is easy to fall for an enticing offer of a lower premium from another provider, which is not necessarily a bad thing. But how far does your dollar go inside a standard employee benefit plan?…
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Preparing your Business for the Legalization of Marijuana in BC

Recreational marijuana is set to become legal across Canada next summer, leaving employers a limited time to prepare for the coming changes. Preparing your business for the legalization of marijuana in BC is important with the Cannabis Act expected to take effect. Officially this Act is supposed to come into force on July 1st, 2018,…
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Why you shouldn’t Buy Mortgage Protection Insurance from your Bank

So you have purchased a new home and are going through the mountain of paperwork your bank has presented you, often overlooked is the simple line item of mortgage insurance. Everyone knows that when you borrow money from a bank, chances are they are going to want some sort of insurance coverage to protect them…
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Communicating the Benefits of your Group Insurance Plan

Communicating the benefits of your group insurance plan can be challenging. When done incorrectly, it can cause disengagement and job dissatisfaction among your employees. A survey done in the US estimates that $300 billion is lost annually due to lost productivity for businesses. Although the number would be smaller in Canada, it is still a…
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When Should You Review Your Group Benefits Plan?

There are many reasons to review your group benefits plan, including both the plan itself and its provider. While it is tempting to stick with an old plan that you have had for many years, reviewing your offering can take as little as an hour of your time and can result in cost savings, better…
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What you need to know about Group Travel Insurance in BC

Group travel insurance in BC is often an important component of your overall group benefits package. Employees are your most important asset, and ensuring they are protected while traveling is sound asset management. That and it can be an enticing feature for your overall compensation offer. We have all heard the horror stories of someone…
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How to get Millennials Excited about Group Retirement Plans

Millennials (also known as Generation Y) are the demographic following Generation X. Although the exact time period is up for debate, most researchers use the period between 1980 and early 2000’s when referring to Millennials. Getting Millennials excited about group retirement plans may seem impossible given retirement is a distant problem, making it easy to…
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Fraser Valley Group Retirement Services Set Your Business Apart

Fraser Valley group retirement services can set your business apart from the competition, attract top talent and result in overall job satisfaction for your employees. Until computers and robots replace us all, your employees will remain your greatest asset. Your employees are the face of your company and represent your vision with every customer interaction.…
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