Professional Insurance Programs

Insurance Library

Insurance Library

A written contract for insurance between an insurance company and policyholder stating details of coverage.

Employment Practices Liability Indemnity coverage. This goes beyond defense coverage to include payment for settlements or judgments up to the limit of liability and subject to policy terms, conditions, and exclusions. The employer becomes obligated to pay for claims arising from a wrongful employment practice, sexual harassment, wrongful discharge, and discrimination.

“Occurrence” provides for an injury or damage which takes place during the policy period, regardless of when the claim is reported. Under “claims made”, coverage is provided for claims made and reported to the insurance company while the policy remains in force.

Group Life & Disability

You must request, in writing, to increase your benefit, within thirty days of being notified of a change in salary, to qualify for guaranteed issue.

Workers’ Compensation

Corporate officers are automatically included unless they elect to be excluded. Sole Proprietors, Partners, and Members of LLC’s are automatically excluded unless they elect to be included.

If you elect to be excluded, some health insurance policies will not cover a work related injury. Contact your agent or carrier to determine how you are affected.

Section 125 Plans

A Section 125 plan provides the option for employees to select certain benefits normally paid on an after-tax basis and, through salary reduction, pay for these benefits on a pre-tax basis. For a full listing of covered expenses, please visit www.eflexgroup.com.

Dental Insurance

Yes, individual plans are available. Typically, your exam and cleaning will be covered once your policy is in force; for most other procedures, there is a waiting period.

Direct Reimbursement is an innovative method of self-funding whereby the plan reimburses employees for any expenses incurred, or a specified portion thereof, during a plan year. Benefits are expressed in maximum dollar limits per year or a percentage thereof.

DR plans are self-funded. That means that no insurance company is involved in the design, marketing or administration of a DR plan. DR plans are stated in dollar maximums and percentages of the maximum per year. They differ from a traditional plan in that there is no list of covered and non-covered services. All treatments are covered depending on the amount of funds that remain in the employee’s dollar yearly limit.

Asset Management for Professionals

Asset Management for Professionals is a Wisconsin based Registered Investment Advisor (RIA) utilzing research and academic principles to produce stable and consistent investment performance with a focus on reduing risk. Their philosophy relies on a long-term commitment to a selected asset allocation policy with an investment horizon of at least five years.