Voluntary Employee Benefits

Simple, Cost-Effective and Value-Added Benefits

NO COST to the Company

Identity theft and legal services are the most requested voluntary benefit in North America because they directly solve issues that affect employees’ lives, families, and work performance.

Over 60,000 North American companies of all sizes have turned to identity theft and legal benefits to create a security culture at their company and decrease costs.

Why Should Your Company Offer this Benefit?

• Employees spend 200—600 hours away from work when victimized by identity theft

• “Stress costs businesses $9,500 per employee-over $300 billion annually” – Bureau of Labor Statistics
• According to a 2008 Mercer study, “The cost of employee absences is very significant, amounting to 36% of payroll, including costs for the wages paid to employees while absent, lost productivity or replacement worker and admin expenses.”
• “Workers can waste more than 20 hours of company time per month dealing with or thinking about personal finances or legal issues.” – Debt Free America, October 2006
• Reduce work related injuries and medical costs
• Over 70% of your employees are dealing with a legal issue right now that is affecting their productivity
• Number of Fortune 500 companies offering a legal benefit increased 60% last year
• Enhance your benefits package- Over 40% of all Fortune 500 companies have decided to offer a legal benefit
• 72% of IDT is not financial but is Drivers license, Social Security, Medical, or Criminal
• Approximately half of your workforce will take time off this year to deal with a legal issue
• Your employees are TWICE as likely to take time off to go to court than to go to the hospital
• Usage of this benefit went up 67% last year (59% of men and 54% of women surveyed felt a group legal benefit would influence their choice of employer)

Your employees have issues and they ARE costing you money!

Easy administration—WE DO ALL THE WORK

• We handle paperwork for your payroll department
• Benefit cost to employees:  legal $3.68 / week; legal and identity theft $5.98 / week
• Employees cannot use the plan against your company

Create a Security Culture

A PSI Employee Benefits Specialists will work with you to address identity theft issues that affect you and your business. Your company’s name and brand can take years to build and only minutes to destroy. Regardless of your company’s size, data security is critical. Our agents undergo intensive training to administer an educational program and complete privacy policy to help your business reduce the risk of security breaches. For questions or more information, please contact us or find an agent.

FTC Assistant Director Says: “We will act against businesses that fail to protect their customer data. 52% of all identity theft incidents occur in the workplace”

The FTC Says: “Periodic training emphasizes the importance you place on meaningful data security practices. A well-trained workforce is the best defense against identity theft and data breaches. Create a ‘culture of security’ by implementing a regular schedule of employee training and if employees don’t attend, consider blocking their access to the network.”

12 Reasons to add Identity Theft and Legal Benefits at Your Company