10 Things You Should Know About Chambers Plan

The Chambers of Commerce Group Insurance Plan provides employee benefits to over 33,000 business owners in Canada. The Chambers Plan offers affordable and accessible benefits to businesses with as little as one employee. So, here are ten things you should know about the Chambers Plan!

  1. No Minimum Firm Size

    1. The Chambers Plan was introduced to protect small businesses of various sizes. The plan can offer coverage to home-based businesses and growing companies of up to 50 employees

  2. No Industry Restrictions

    1. All for-profit businesses are eligible to participate in the Chambers Plan as long as they are members of a participating Chamber of Commerce or Board or Trade

    2. The Chambers does not believe that your industry should determine your coverage, therefore they can provide the benefit plan that is best for the specific needs of your business and employees

  3. Guaranteed Approval

    1. Firms with as little as one or two employees can choose options with guaranteed coverage

    2. Businesses with five or more employees can choose extensive dental coverage

    3. Groups with ten or more employees can add children’s orthodontics

  4. Guaranteed Renewable

    1. Your business is guaranteed renewable coverage as long as you pay your premiums each month

    2. Chambers makes this easy by offering one automatic payment to renew your Chamber membership and Plan premium

  5. Rate Stability

    1. Claims are averaged over more than 30,000 companies, just like yours

    2. The Chambers uses a pooling concept on health and dental benefit claims

    3. Small fluctuations to a firm’s claims do not automatically factor into the rates giving firms a greater opportunity for rate stability over the long term

  6. Not-For-Profit

    1. Chambers Plan operates under the direction of the not-for-profit Chambers of Commerce Insurance Corporation of Canada

    2. All surpluses are put back into the plan, keeping your premiums low!

If you’re wondering how you can become a Chambers of Commerce Group Insurance Plan member, give us a call! We can help you determine the plan that is best for you.

Mental Health and Wellness

Mental health and wellness is at the forefront of conversation more and more these days, so it's important to look at the ways in which it is affecting your employees. 

Did you know that one in five Canadians experience at least one type of mental health issue in their life? Furthermore, an estimated 500,000 Canadians call in sick to work each week due to a mental illness.

So how does this affect your company? The rise in mental health issues can lead to increased long-term illness claims, the cost of sick time, and workers' compensation claims. Additionally, it leads to a loss of productivity within your employees and lost opportunity due to downtown.

A recent study shows that most mental health issues, like anxiety and depression, stem from workplace stress, which challenges employers to create a manageable workplace that doesn't cause unnecessary amounts of stress and allows for a work-life balance. This study yielded results showing that 68% of employees could perform their job to the best of their abilities for less than 70% of the day due to a mental illness. 

To help benefit employees to cope better with mental illness and workplace stress, try implementing some of these practices: 

  1. Introduce flex days or flex time into your employees' schedules. Allowing them guilt-free time to tend to their personal lives will let them focus on work when they are there. 
  2. Introduce a team atmosphere where your employees understand each others' positions. Having team members to rely on is an important part of managing workplace stress, especially if an employee needs to take time off. 
  3. Try hosting company lunches to improve workplace culture. Creating trust within your employer/employee relationship will lead to a positive work environment. 

Looking for more tips? Check out the study this blog was based upon