Global insurance brokerage Hub International Limited (Hub) has launched HUB Hospitality Benefits Captive, to help hospitality employers in the US, and those with cross-border operations in Canada, manage their benefits costs.
The initiative has also been introduced to offer a more comprehensive health and wellness plan to help attract and retain employees.
HUB Hospitality Benefits Captive is intended for hospitality employers with stable claims experience, a predictable cash flow and over 75 covered employees.
The self-insured programme is available to hospitality businesses in the US and those with cross-border operations that extend into Canada.
While controlling costs, HUB Hospitality Benefits Captive enables employers to customise their health benefits programme and offers medical and pharmacy benefits, third-party administrator and health network access.
Captive membership provides affordable stop-loss protection against the high cost of ongoing and catastrophic claims, and integrated cost management through data-driven intelligence on medical and pharmacy, says Hub.
HUB adds that with the Hospitality Benefits Captive, it will continue its commitment to providing tailored insurance solutions designed to best manage its hospitality clients' risks and insurance needs.
Kim Gore, North American hospitality specialty practice leader at HUB, says: "We are excited to offer the HUB Hospitality Benefits Captive to hospitality employers who want to offer personalised benefits to their employees while gaining control over their healthcare expenses. A strong benefits strategy helps create more engaged hospitality employees, which can improve the overall customer service experience."
