In a tight employment market, your benefits package could be the key to luring in the most valuable employees. In the modern age, identity theft protection is a big perk for your more financially savvy candidates. The agents at ALLConnecticut Insurance can add this coverage to the commercial insurance package for your West Hartford, CT area business as a voluntary benefit to your employees. How does this option make your open positions more attractive?
What is Identity Theft Insurance?
Identity theft insurance helps the beneficiary pay for costs associated with the unauthorized use of their personal details for financial transactions. Subscribers are eligible for reimbursements for things like:
- Time off work to handle business related to the theft
- Legal fees
- Cost of repaying or satisfying fraudulent charges
Most policies also include identity theft monitoring services as well. These additions reduce the risk of your beneficiary falling victim to crimes in the first place. Credit monitoring alerts include:
- New accounts opening
- New public records
- Negative entry to credit report
- Suspicious activity on credit report
Getting these alerts gives the subscriber the chance to quickly respond to potential breaches. This can save them thousands of dollars in stolen funds, lost wages, and reduced credit opportunities.
Increase Your Employment Appeal with Voluntary Benefits
Like any insurance policy, these contracts have deductibles and limits. Higher wage earners may not be impressed by low-limit plans. Our agents can help you provide a variety of options to your employees. This voluntary coverage can help you catch the eye of higher-level applicants.
Identity theft is a real concern for most financially responsible people. Give your West Hartford, CT area employees the option to protect themselves with identity theft protection insurance from ALLConnecticut Insurance. Contact our agents to learn more about adding this coverage to your existing commercial insurance strategy.