Business/ Employee Benefits
Take care of your employees by offering affordable and comprehensive group health insurance. In Pittsburgh, PA, Riverfront Financial works to provide the best possible coverage for employees and their families with the lowest possible cost to the employer. Group insurance is available to employers with as few as two employees. We request quotes from the leading health care providers in the area. After you select the best plan for your company, we will review the coverage and costs at each yearly renewal in an effort to keep costs contained. In addition to health insurance, we also offer dental insurance and vision insurance group plans.
In addition to setting up a group savings plan or health plan there are other benefits available for your employees
Attract the most qualified and experienced employees by offering excellent benefits, such as group life insurance, accidental death and dismemberment insurance, short-term disability, and long-term disability insurance. These benefits are relatively inexpensive ways to provide your employees with the comfort of knowing they are covered should the unexpected happen. In addition to these employer-paid benefits, employees can take advantage of voluntary insurance plans at a low-cost group rate. Let Riverfront Financial help you decide what coverage best meets your needs.
Group Life Insurance
While both term and permanent life insurance policies are available, most employers choose to offer term policies that provide coverage for employees for the duration of their employment with the company. Since there are no medical exams required for basic coverage, there is only a determination of risk based on age, sex and salaries of your employees. Risk factors are averaged to calculate the premium.
Accidental Death & Dismemberment Insurance
Accidental death and dismemberment insurance (AD&D) is a limited life insurance that is designed to cover the insured when they pass away due to death from an accident or when they suffer a loss of limbs or bodily functions such as sight and hearing, etc.
Short-term disability is a type of insurance that pays a percentage of the disabled employee's salary for a specified amount of time, if he/she is ill or injured and cannot perform the duties of his/her job. Coverage usually starts anywhere from one to 14 days after your employee suffers a condition that leaves him/her unable to work.
Once the short-term disability benefits expire (generally after three to six months), the long-term disability policy pays the disabled employee a percentage of his/her salary depending on your policy. The employee will then receive benefits for a predetermined period or until that age of 65.
You may also make life, accidental death and dismemberment, short-term and long-term disability insurances available to your employees at a low-cost group rate. For a small amount of money, your employees are able to enhance or add to the coverages they already receive from you.