For Businesses
Overview
Since 1989, Cambridge has provided corporate insurance planning focused on efficiency and cost effectiveness. After evaluating your current programs and benefit objectives, our marketing team represents your best interests to obtain competitive bids. With a consultative approach, our product and provider recommendations help secure reduced rates, extended rate guarantees and enhanced contract features.
Products & Services We Offer
Employee Benefits
Medical Insurance
Disability Insurance
Group Long Term CareGroup Life Insurance |
Supplemental Voluntary Benefits
Qualified Retirement Plans
Dental & Vision Insurance |
Executive Benefits
Supplemental Retirement PlansExecutive Carve OutsEstate Planning |
Key-Person Insurance for EmployerBuy-Sell AgreementsBusiness Succession Planning |
Commercial Insurance
We help you develop risk management strategies to minimize claims and cost. Our market access enables us to secure the best terms and pricing on your behalf.
Automotive Boiler & Machinery Business Income / Extra Expense Crime Directors & Officers Liability Employment Practices Liability Environmental Liability Errors & Omissions |
Fiduciary Liability General Liability Professional Liability Property Coverage & Liability Pollution Liability Surety Bonds Umbrella/Excess Liability Workers Compensation |
Our Employee Benefit Approach
Cambridge realizes that most employers are reducing benefits or shifting cost because of increased premiums. Our strategy provides sustainable cost management by helping clients actively manage their employee benefits program. Cambridge will identify the most appropriate benefit solution through detailed claims analysis, plan design analysis as well as vendor selection. We then consult with your company's management to ensure a successful implementation.
Benefits Administration
Cambridge believes in offering services that both save you money and increase your productivity. We compliment our employee benefit recommendations with an easy to use benefits administration system. This system allows us to offer best in class insurance solutions combined with administrative efficiency. Features include one invoice and payment for multiple carriers, free COBRA administration, and a secure online portal that interfaces with the insurance carriers for terminations, new hires, etc... How much can your company realize in productivity savings? Click here to view a return on investment case study.
We also offer complete Human Resource Information System (HRIS) solutions to coordinate payroll, employee benefits and 401(k) administration. Visit our case studies for more information.
Employee Communication
We believe that your employees are one of your most valuable assets, but we also realize Employee Benefits are a significant part of overall compensation. Therefore, we help employers effectively communicate how benefits are part of an employee's Total Compensation. In addition, Cambridge provides educational seminars for your employees on topics such as the importance of a will and trust, caring for an elderly parent, estate issues and financial risk management.
Executive Benefits
Highly compensated employees often face unintentional discrimination due to statutory limitations or plan design limitations. Through Executive Planning, Cambridge can identify reverse discrimination in your retirement plan, disability income replacement plan and other corporate programs. By providing financial peace of mind, executives can focus their energy on their corporate mission and employers can attract and retain key executives in a competitive environment.
Estate Planning for Business Owners
Closely held business owners and highly compensated executives are at risk when it comes to estate planning. If you have a closely held business, your estate plan can help assure its future by carefully transferring ownership as well as protecting children that are not in the family business. Comprehensive estate planning should reduce your federal and state estate taxes. View our case studies for more details.
Key-Person Coverage
Your key employees are your most valuable business asset. Their skill, knowledge and experience are your real profit makers. Without them, the success and growth of your business could be in jeopardy. Key person insurance protects your business from the adverse financial effects associated with the loss of a valuable executive or owner. The death or disability of a key person could result in a substantial financial loss due to lost sales, client retention and hiring/training a replacement. How can you protect your company? Visit our Case Studies for more details.
Buy-Sell Protection
If you have a partner in business, how will you buy out your partner's interest in the event of premature death or disability? We can help you develop low cost insurance solutions so you do not have to liquidate company assets or take on their spouse as a business partner.
Business Succession Planning
How do you efficiently transfer ownership of a closely held business in the event of retirement, death or disability? Cambridge understands the needs of closely held businesses because we are a closely held business. Planning for ownership and management succession should occur long before the anticipated succession may be needed. We can provide tools to ensure your successful business transitions efficiently to the next generation.
For additional information or pricing, call Cambridge at (212) 695-7495.