Benefits of Pre-paid legal plan for your company
Employers are on the hunt - researching benefit tools that are low-cost, easily administered and satisfy their employees' needs. One such tool is pre-paid group insurance. We examine the benefits of having such a work-benefit option from an employer's perspective.
The first benefit employers expect from legal insurance plans is increased productivity and efficiency. Today's employees are interested in a variety of benefits to balance their work with their life requirements. Given that most American household had an issue with law last year that might have led them to hire a lawyer, it's only normal that a legal benefit would increase employees' morale and efficiency.
Having legal benefit as part of a work-benefit package can help the company recruit and retain the best employees. In this age of work-benefit hysteria, many prospective employment candidates base their career choices on the set of benefit package provided by employers.
Cost containment is another benefit. With less time and resources to be used for personal matters, the company expects to make significant savings on administrative costs.
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Legal News Articles:-
- Fannie, Freddie legal tab: $110M plus
A watchdog agency said Wednesday that the legal tab for former leaders of mortgage finance giants Fannie Mae and Freddie Mac is at least $110 million.
- Legal Genie, Inc. Announces the Addition of Three New Members of the Business Community to Their Board of Directors ...
legal Genie, Inc., online unbundled legal services provider, recently announced that three veterans of the wireless, technology and consumer brands sectors have joined the Board of Directors.
- Legal Fees for Fannie and Freddie Near $50 Million
As expenses rise, there are new calls to limit the costs at Fannie Mae and Freddie Mac and outlays for defending its former executives.
- Fannie, Freddie legal fees: $110 million and counting
A watchdog agency said Wednesday that the legal tab for former leaders of mortgage finance giants Fannie Mae and Freddie Mac is at least $110 million.
- Fannie, Freddie need to tighten legal expenses: regulator
WASHINGTON (Reuters) - A government watchdog on Wednesday said Fannie Mae and Freddie Mac's regulator needs to curtail the rising cost of their legal expenses since there is no end in sight to the widening taxpayer tab keeping the two firms afloat. Fannie Mae and Freddie Mac are spending tens of millions of dollars to cover the legal costs of former executives who face various private, class ...
- Hyatt Legal Plans, a MetLife Company, Finds Members? Usage for Debt and Financial Matters More Than Doubled in Tough ...
Employees coping with a difficult economic environment often find that their financial problems require legal solutions. In fact, from 2007 to 2011, Hyatt legal Plans, a MetLife company, has found that the number of legal services requested by plan participants for debt and financial matters more than doubled and requests for bankruptcy counsel increased nearly threefold.
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