The majority of small businesses do not offer insurance benefits to their employees, often believing they cannot afford them, a LIMRA study has found.
"With the cost of benefits — in particular health care — rising steadily over the past two decades, it is not surprising that many small-business owners have made the decision not to offer employee benefits," said Kimberly Landry, research analyst, LIMRA Insurance Research.
"What our study found was that few small businesses considered making voluntary benefits available to their employees, which provide employees the ability to obtain the coverage they need at little to no cost to the business."
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