ORLANDO, Fla., Oct. 15, 2015 /PRNewswire/ -- Today, Risk Transfer Insurance Agency (RTIA) announces its partnership with WageSecureTM, the nation's first group supplemental unemployment insurance program. RTIA and WageSecure will work together to distribute solutions to the Professional Employer Organization (PEO) industry. PEOs can now offer and embrace the value of "Peace of Mind" insurance, which protects employees and their family's livelihood if they lose their job.
Between 18 and 44, a person is 180 times more likely to have a spell of unemployment than to die. Yet, unlike life insurance, unemployment insurance is not a common job benefit. 55% of workers identify job uncertainty as the most pressing financial issue facing them and other Americans today. The average state unemployment fund does not provide adequate benefits to families. The average benefit is $307 per week. This is less than the cost of COBRA and food for many families.
WageSecure's Supplemental Unemployment Insurance combines with state benefits to replace 50% of your income if you become unemployed. Offered on a group basis, employers can provide this important income protection to their valued employees either as a paid benefit or on a voluntary basis. State unemployment benefits have a modest weekly cap, only $425 maximum on average, leaving many employees severely unprepared for their financial responsibilities when unemployed. WageSecure™ gives employees peace of mind by giving them income protection while looking for their next career opportunity after a loss of employment.
WageSecure™ is underwritten by an "A+" rated carrier by both Standard & Poor's and A.M. Best.
About Wage Secure
Wage Secure is a simple product to market, communicate, enroll and administer. Wage Secure LLC is a private company created by Blackmoor General Agency. Their expertise is managing unique niche insurance products and services. WageSecure and WageSecure logo are registered trademarks of WageSecure, LLC.
About Risk Transfer Insurance Agency
Risk Transfer is the premier risk management and financial services firm serving the aggregated enterprise community. We are a team of experts from the insurance, staffing, financial services and brokerage communities. As professional buyers of insurance, Risk Transfer provides customized solutions for the complex issues that the PEO and Temporary Staffing industries face. In conjunction with our production partners, we develop and implement aggressive risk management techniques that rehabilitate and protect the insurability of our clientele.
CONTACT: Arthur Frisch, 561-212-8817
SOURCE Risk Transfer Insurance Agency