Explore how legal insurance operates and the benefits your business will notice from offering it to employees.
As the job market becomes competitive, you should ensure what you offer to your employees, including health insurance, paid time off, and retirement plans. Legal insurance is a good place to start. Explore how legal insurance operates and the benefits your business will notice from offering it to employees.
What is Legal Insurance?
Suppose an employee is experiencing a personal legal issue outside of work, such as a divorce or civil lawsuit. Legal insurance coverage offers access to legal services through a network of attorneys at a lower cost than they would otherwise pay.
Legal insurance could also assist your employees with different legal challenges happening in their personal lives, including:
- Real estate matters
- Divorce
- Child custody
- Identity theft
- Traffic violation issues
- And more
Providing this voluntary benefit to your staff gives them the option to prepare for their future with some additional security.
Advantages of Offering Legal Insurance Coverage to Employees
Consider these critical benefits of legal insurance:
Access to Legal Services
Most Americans struggle to pay for the legal services they need. Offering legal insurance helps your employees cover these costs.
Cost-Effective Insurance
Legal coverage is not nearly as costly as most health insurance policies. Although premiums vary from provider to provider, they can be as low as $10 monthly.
Assistance with Real Estate Transactions
Purchasing a home is a prevalent goal. A large part of that process is working with a lawyer to guide them through and represent their best interests, particularly for first-time home buyers.
Help Dealing with Family Law Issues
Legal issues related to family law affect millions of people yearly. These issues can be related to divorce, alimony, domestic violence, child custody battles, adoption, and others. Any time an employee handles these emotionally distressing issues, legal insurance helps them address the matter with the assistance of the legal professional of their choice.
Staying Competitive as a Business
Employers must try everything possible to stay competitive, especially in a job market like ours, where top talent boosts its requirements and expectations yearly. Providing legal insurance helps you demonstrate a new level of employee support.Let the MWE Partnership team help you out!
Get in Your Voluntary, Supplemental, and Health Insurance Policies with the MWE Partnership!
Are you a business looking to provide your employees with essential voluntary benefits? If so, look no further than The MWE Partnership. When you choose The MWE Partnership, you get experienced service and comprehensive voluntary benefit options that will meet all your employees’ needs. With over 17 years of experience, The MWE Partnership is your go-to provider for all your supplemental benefit needs. If you are interested in finding out how The MWE Partnership can help your business, contact us today! We encourage you to like our Facebook page and follow us on X and LinkedIn for the latest voluntary benefit news!