Employee Benefits

Since 1989, Cambridge has provided solutions to contain costs and make life easier for the Human Resources Department. In today's market, employers want to know "What value are we receiving for the money we pay our broker?" Simply reviewing your medical plan on an annual basis is not enough. Cambridge takes the time to listen and provide solutions (not just products) based on what you want and need. Our service is personal and consistent making us easy to work with. This personal commitment has resulted in a 96% client retention rate and long-term mutually beneficial relationships.

Products Offered

Medical Insurance Fully Insured PPO, POS, HMO Alternate Funding Self-Insured Minimum Funding HRA/HSA/FSA Disability Insurance Short Term Disability Long Term Disability Statutory Disability (NY/NJ/RI/HI/CA)

Group Long Term Care Group Life Insurance Supplemental Voluntary Benefits Life Insurance Cancer Protection Accident Indemnity Critical Illness Indemnity Hospital Indemnity Disability Income Replacement

Qualified Retirement Plans 401(k) & Profit Sharing Plans 403(b) Pension Plans Dental & Vision Insurance

Why Cambridge?

Consultative Approach:

We take the time to understand your business. Our goal is to understand our client's insurance and administrative issues and develop solutions to stop the pain.

 

Easy to Do Business With

• Consistent Execution
• Return Calls and Emails Immediately
• Client focused solutions vs. product sales

 

Advice + Technology

Our goal is not only to reduce insurance costs, but increase your productivity. We complement our employee benefit recommendations with the best technology available in the market. However, it's the services around the technology that truly differentiate Cambridge.

Productivity savings from Benefits Technology: Click here to view a return on investment case study.

Want to streamline the entire Benefits, HR and Payroll process: Click here for a single source solution. 

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Executive Benefits

Highly compensated employees often face unintentional discrimination due to statutory limitations or plan design limitations. Through Executive Planning, Cambridge can identify reverse discrimination in your retirement plan, disability income replacement plan and other corporate programs. By providing financial peace of mind, executives can focus their energy on their corporate mission and employers can attract and retain key executives in a competitive environment

Products Offered

Supplemental Retirement Plans Deferred Compensation Section 162 Bonus Annuities Executive Carve Outs Life Insurance – No Medical Exam Disability - High Limit Income Replacement Long-Term Care Insurance Estate Planning

Key-Person Insurance for Employer Life Insurance Disability Insurance Buy-Sell Agreements Life Insurance Disability Insurance Business Valuation Services at no cost Business Succession Planning

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Key-Person Coverage

Your key employees are your most valuable business asset. Their skill, knowledge and experience are your real profit makers. Without them, the success and growth of your business could be in jeopardy. Key person insurance protects your business from the adverse financial effects associated with the loss of a valuable executive or owner. The death or disability of a key person could result in a substantial financial loss due to lost sales, client retention and hiring/training a replacement. How can you protect your company?

Buy-Sell Protection

If you have a partner in business, how will you buy out your partner's interest in the event of premature death or disability? We can help you develop low cost insurance solutions so you do not have to liquidate company assets or take on their spouse as a business partner.

Estate Planning for Business Owners

Closely held business owners and highly compensated executives are at risk when it comes to estate planning. If you have a closely held business, your estate plan can help assure its future by carefully transferring ownership as well as protecting children that are not in the family business. Comprehensive estate planning should reduce your federal and state estate taxes.

Business Succession Planning

How do you efficiently transfer ownership of a closely held business in the event of retirement, death or disability? Cambridge understands the needs of closely held businesses because we are a closely held business. Planning for ownership and management succession should occur long before the anticipated succession may be needed. We can provide tools to ensure your successful business transitions efficiently to the next generation.

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Commercial Insurance

We help you develop risk management strategies to protect your business assets and help you avoid an interruption in your business in the event you suffer a loss. Our goal is to provide you with a comprehensive program and our market access enables us to secure the best terms and pricing on your behalf.

Products Offered

Automotive Boiler & Machinery Business Income / Extra Expense Crime Directors & Officers Liability Employment Practices Liability Environmental Liability Errors & Omissions

Fiduciary Liability General Liability Professional Liability Property Coverage & Liability Pollution Liability Surety Bonds Umbrella/Excess Liability Workers Compensation

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Employment Practices Liability

Employee related lawsuits are a risk to any business, and business owner. Protecting your business against these types of situations can help guard your financial assets. Some of the most common reasons for employee lawsuits are:

• Wrongful termination
• Discrimination of all kinds
• Sexual harassment
• Failure to hire

Surety

For the Construction & Trades Industries, bonding is your lifeblood. We understand the principles and practices that are essential to establishing a strong surety relationship. Whether you need a one-time bond or an open bonding line, we have the markets and expertise to get the job done.

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