Short answer
A small Ontario business can set up a group benefits plan for health, dental, life and disability, often with only a few employees. Compare several benefits companies on coverage, cost and renewals, not only the first-year price. Start with the business owner check to see what your own family and business would need.
Run your number The business owner check shows what your business and family would need. No-cost, no obligation.
What a small group plan can include
- Health and prescription drugs
- Dental and vision
- Group life insurance
- Disability and critical illness
- A health spending account
What to compare between companies
Coverage limits, what is excluded, how claims are paid, how renewals are priced and how much administration lands on you. The first-year price is only one part.
Your own coverage as the owner
A group plan helps your team, but owners often need more personal coverage than a group plan gives, especially if the business carries loans. The business owner check walks through it.
How Jackson helps
Jackson compares multiple benefits companies for small businesses across Burlington, Hamilton, Oakville, Milton and Mississauga. Call 905-320-2042.
Frequently asked questions
How many employees do I need for group benefits?
Some benefits companies offer plans for very small groups. Ask for quotes for your exact headcount.
Are group benefit premiums a business expense?
Premiums the business pays are often deductible. Confirm with your accountant.
Can I include myself as the owner?
Owners can usually be included. Your own family may need more coverage than the group plan gives.
What should I compare at renewal?
The change in price, any change in coverage and claims experience. Compare more than one company.
Sources and further reading
This page is general education, not personal advice. Rules can change, so check the official sources above. In Ontario, life insurance quotes are prepared by a licensed life insurance agent.