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Attract and Retain Talented Employees

The BaiGroup Program

Small to medium-sized companies often pay too much for their employee benefits. Or, if they do have a benefit plan, it is not meeting their current needs.

As experts in group benefits for more than 30 years, the team at Baicorp offer a highly personalized approach to our clients with unique solutions that allow smaller organizations to offer employee benefits without breaking the bank.

Why Employee Benefits Help Your Business

56% of workers in today’s fast paced business environment are planning to look for a new job in the next 6 months. For a small to medium- sized business, this kind of turnover is highly disruptive and can have expensive financial implications. It may cost as much as 33% of an employee’s salary just to replace them.

Employees want to feel valued, and one of the most powerful ways to attract and retain them is through a comprehensive benefits plan. It’s a competitive market, where many potential employees are looking for personalized benefits offerings. And, your existing employees are at risk of being lost to other employers who can offer new or enhanced benefits. A well- thought out benefits plan says you value your employees, keeping them happy, more engaged, focused and productive.

Our Affordable Easy Solutions for Small to Medium-sized Businesses

Smaller businesses often suffer from a high insurance cost due to their size. At Baicorp, we specialize in solutions that no longer have to be financial strain to your bottom line.

Our BaiGroup Program groups small businesses together into one policy giving us the bargaining power to negotiate better prices. Pooling your benefits gets your company more benefits for your dollar and keeps the cost of insurance premiums low.

Each business still has their own benefits plan, while the collective group garners the savings on premiums seen by much larger companies.

With BaiGroup, you’ll be able to offer your employees all the same products of a traditional

insurance plan such as:


  • Life, Disability, Critical Illness and more

  • Extended Health and Dental Insurance

  • Health Care Spending Accounts

Executive benefits for owners and their partners also available.

What more do you need to know?

What is a healthcare spending account (HSA) ?

An HSA is pre-determined amount of money provided to all employees each year to help cover Canada Revenue Agency (CRA) approved Health related
expenses (such as Dental and Medical). It is non – taxable.

Learn more

What are premiums?

Premiums are the amount of money that an insurance company will charge you for the
particular insurance policy. In other words, it is the cost of your insurance.

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What is target loss ratio (TLR) ?

Target Loss Ratio (TLR), is a representation of the % of a groups premium that is available to pay claims. Every insurance plan has expenses such as paying claims, tax, commissions, and more. Then,the target loss ratio refers to the administrative costs to the claims’ payments. In other words, these expenses are added together and represented as a %, which is then deducted from 100%, to determine the TLR.

Learn more

Let’s Talk

We understand running your business is your first priority and perhaps you’re tired of cold calls from insurance brokers. That’s why we’d love to hear from you. Schedule a time to chat with us that is convenient for you. We are confident that we can offer the solutions you need to help you attract and retain the top talent you need to grow your business.

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