Group Benefits

Professional Advisor Services

Do you have a Professional Group Benefits Advisor? The team at Naviguide are Professional
Advisors. The amount you pay for a broker or a Professional Advisor is the same.

A Professional Advisor will:

  • Review how you run payroll to ensure your plan is tax optimized and T-4 boxes 14, 40 and 85
    are all properly attributed
  • Review your HR processes and documents. The Professional will then help you add wording to
    ensure your process and documentation all properly support your benefit plan
  • Review your Corporate Liability Insurance to ensure you have the correct coverage to support a
    benefit plan
  • Be your first call if you have any questions outside of the ordinary
  • Be a member of Canadian Group Insurance Brokers (CGIB) and of Advocis

Please read on for additional differences.

Most Brokers will:

  • Collect your data
  • Get competing quotes from a long list of insurers
  • Send renewals
    • A good one will present renewals
  • May help with some client issues

A Professional Advisor Will:

  • Take on a consulting attitude to understand your goals, needs, employees and philosophies
  • Know the insurers will be a fit for your situation. It is never just about price to a professional. The contract and suitability of the insurer are important to ensure long term viability of your plan
  • Provide education sessions for your employees and for your admin team to reduce any liabilities
  • Answer questions in a timely manner
  • Act on your behalf should any claims issues arise with the insurance company
  • At your annual review, discuss the trends and plans usage, present the renewal and suggest possible changes when appropriate
  • Disclose your plan’s internal fees in as much detail as possible at time of quote and at each renewal. (The fees plus your claims make up your premiums)
  • Review your HR practices to ensure you are up to current benefit plan standards and have minimized related liabilities
  • And so much more……

When interviewing advisors ensure they provide all of these services.

If you would like  more information please contact us.