Discover Reliance Matrix's Revolutionary Small Business Suite

Reliance Matrix Introduces Innovative Small Business Solutions

Reliance Matrix, known for its technology-driven employee benefits and absence management services, has launched a fresh suite of Small Business Solutions (SBS). This enhanced product line is specifically designed to cater to employer groups comprising 10 to 99 employees, promising improved speed, flexibility, and user-friendliness.

The Importance of Small Businesses

Small businesses play a vital role in the economic landscape, representing 99.7% of firms employing individuals and contributing to 43.5% of the nation's overall gross domestic product (GDP). Over the past several years, organizations with fewer than 100 employees have been responsible for more than 60% of economic growth. This shows just how crucial small businesses are to our economy.

Response to Market Needs

Jim McGovern, Vice President of Distribution Channel Management at Reliance Matrix, stated that their research highlighted a pressing need for efficiency in adding or modifying employee benefits, particularly in areas like short- and long-term disability. Historically, employers faced a tough decision between selecting quality, speed, or affordability when choosing benefits packages. Reliance Matrix has made it its mission to break down these barriers.

Features of the New SBS Platform

The new SBS platform boasts the ability to provide quick quotes thanks to accelerated underwriting, delivering these within just one day. With approved plan designs and competitive rates already in practice, clients can expect a streamlined approach without the complexities of case-level underwriting. Clients will receive proposals that are not only expedient but also clear and concise, with all necessary information aggregated in one place.

Coverage Options

This innovative suite includes multiple benefits coverage options such as short-term disability, long-term disability, group life, and accidental death and dismemberment (AD&D) plans. These selections are among the most demanded employee benefits, following medical and dental insurance.

Comprehensive Service Offerings

Moreover, the new offerings encompass a broad array of optional value-added services, including Mental Health Support, Drug and Alcohol Addiction treatment, Medical Advocacy, Legal Assistance, Financial Consultation, Work/Life Balance resources, Bereavement support, and Travel Assistance. Enrollment and management processes for these plans will be user-friendly, with compatibility across various top platforms such as Employee Navigator and ADP.

A Legacy of Commitment

JoAnne Doyle, Vice President of Group Sales, remarked on the company’s history as primarily a small group carrier, emphasizing how this legacy remains embedded in their corporate ethos. While their focus has broadened over time to accommodate larger enterprises, the launch of the SBS suite is a testament to their ongoing dedication to small businesses.

Customer Engagement and Next Steps

For more in-depth information regarding Reliance Matrix’s small business offerings, potential clients are encouraged to connect with their benefits broker or directly reach out to a Reliance Matrix sales or account manager.

About Reliance Matrix

Reliance Matrix provides a wide range of employee benefit, absence management, and workforce productivity solutions. With the backing of a highly-rated insurance carrier and ground-breaking absence management services, the team at Reliance Matrix is committed to daily service enhancements. Further reinforcing its reputation, recent evaluations have named Reliance Matrix the #1 US Absence Management provider according to an independent market survey conducted by Spring Consulting Group. Since its establishment in 1907, Reliance Standard has been a trusted name in employee benefits and retirement solutions. The roots of Matrix Absence Management trace back to the early days of Silicon Valley's tech revolution. As a member of the Tokio Marine Group, which is a global leader in insurance, Reliance Matrix continues to innovate and provide secure and effective solutions for individuals and businesses alike.

Frequently Asked Questions

What is the focus of Reliance Matrix's new product suite?

The new product suite focuses on providing customizable small business solutions for employer groups with 10 to 99 employees.

What benefits are included in the new suite?

The suite includes short-term disability, long-term disability, group life, and AD&D plans.

How quickly can quotes be generated?

Thanks to accelerated underwriting, quotes from the new suite can be delivered within a day.

What kind of additional services are offered?

Additional value-added services include Mental Health Support, Financial Consultation, and more.

Why is this suite significant for small businesses?

This suite addresses the needs for efficiency and speed in obtaining employee benefits, crucial for small business growth.

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