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!
No Minimum Firm Size
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
No Industry Restrictions
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
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
Firms with as little as one or two employees can choose options with guaranteed coverage
Businesses with five or more employees can choose extensive dental coverage
Groups with ten or more employees can add children’s orthodontics
Your business is guaranteed renewable coverage as long as you pay your premiums each month
Chambers makes this easy by offering one automatic payment to renew your Chamber membership and Plan premium
Claims are averaged over more than 30,000 companies, just like yours
The Chambers uses a pooling concept on health and dental benefit claims
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
Chambers Plan operates under the direction of the not-for-profit Chambers of Commerce Insurance Corporation of Canada
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.