Being a small businessman, if you offer Health Insurance to your employees, you will be able to attract more desirable employees while protecting yourself as well as your family. A lot of policies and insurance covers are available in the market like the group insurance, supplemental insurance and individual or family insurance etc. However, the types of policy that you might want to purchase for your employees and yourself will also depend on the size and nature of your business to a great deal.
If you own a business which is home-based and you have not employed anyone else to work for you, you will only require Health & Safety Insurance for your family and yourself. You will not need an additional health and medical insurance cover if your spouse or your partner already has coverage for you too through their employer. Health and medical insurance is not mandatory however, you may end up paying huge amount of money on treatments if you are not insured medically. While you are not fit to work on medical grounds, you will not only lose your wages but will also bear medical bills from your own pocket. So, to avoid getting into financial problems, it is a good idea to consider buying a health and medical insurance.
