Business Solutions
Here at MYZ Financial & Insurance Services, we take great pride in being a one stop shop for the financial and insurance needs of businesses, big and small, across all industries. Our purpose is to make everything both easy to understand and easy to manage for the business owner as well as their employees.
Business Insurance
Workers’ Compensation Insurance
In the event that an employee sustains a work related injury, workers’ compensation insurance protects the employee by covering lost wages as a result of being unable to work as well as medical bills related to the injury. The employer is protected with some financial coverage for legal fees and damages.
General Liability Insurance
General liability insurance policies generally protect you and your company from claims involving bodily injuries and property damage resulting from products, services or operations. It may also cover you if you are liable for damages to your landlord's property.
Commercial Package Policy
A packaged policy offered to business owners that encompasses a variety of coverages that is customizable to each individual business.
Employee Benefits & Retirement Planning
Group Health/Dental/Vision/Life
Group medical insurance helps to ease the burden of medical expenses for employees while fostering loyalty and retention.
Executive Bonus Programs
An executive bonus program is a way for business owners to provide additional supplemental benefits to key employees using tax deductible company funds.
Company Sponsored LTC
Business owners can offer long term care insurance to their employees by paying some or all of the cost.
HSA / HRA / FSA / Section 125 POP
Section 125 Cafeteria Plans helps employers and employees eliminate income and payroll taxes on health insurance premiums and out-of-pocket medical expenses
401K
A 401k is an employer-sponsored retirement account that allows an employee to dedicate a percentage of their pre-tax salary to their retirement plan.
Profit Sharing
A profit sharing plan gives employees a share in their company’s profits based on its earnings. Contributions to a profit sharing plan are made by the company only and it is up to the business owner how much of its profits they wish to share.
SEP IRA
Simplified Employee Pension (SEP) IRAs are typically funded 100% by your employer on a before-tax basis and are used by small businesses to plan for retirement.Simple IRA
Simple IRA plans are utilized by small businesses with less than 100 employees to plan for retirement. This plan allows employees to contribute to the plan as well.Defined Benefit / Pension
A pension is funded by the employer and pays a defined benefit for life after retirement.
Deferred Compensation
Deferred compensation is a portion of an employee's compensation that is set aside to be paid at a later date.