Wharton & Power Insurance

November 11, 2019
personal insurance

Words to Thrive By | Business Quotes from Wharton & Power Insurance

November 4, 2019
business insurance

Words to Thrive By | Business Quotes from Wharton & Power Insurance

October 28, 2019
personal insurance

Words to Thrive By | Business Quotes from Wharton & Power Insurance

October 23, 2019
home/auto insurance

Coverage in a Box: Not All Home/Auto Insurance is The Same

If you watch TV, listen to the radio or peruse print media, you will see many ads for home/auto insurance. These “insurance-in-a-box” company scare tactics or quick savings messages fail to let you in on a big secret: when you insure your home, autos, watercraft, jewelry, etc. with them, you are getting the coverage THEY offer – that’s it. No room for customization that will provide the most appropriate protection for YOU. At Wharton Power Insurance, our clientele requires more from their insurance policies. Their rich yet complicated lives bring unique considerations when it comes to protecting what they have worked hard to achieve. Hence why we approach personal insurance differently: Independent Insurance Broker One size fits all is not a mentality that suits people that work and play hard. Wharton Power Insurance is an independent insurance broker, meaning we can tailor coverage based on our clients’ needs. We have long-standing relationships with over 10 providers, and pick and choose the best policies for the situation. Unlike our captive agent competitors, we are not limited to what one company offers. This depth and flexibility has allowed us to craft customized insurance coverage for many clients with complex situations. Click here for an example. A Team Approach After 10 years of referring business to each other, Scott Wharton and Dan Power founded Wharton Power Insurance. This team approach allows us to seamlessly serve our clients with all of their insurance needs, from home/auto to business and health insurance. Scott and Dan have supplemented their knowledge-based with a group of experts in their own right, ensuring that the right coverage is being chosen for a client’s particular situation. Again, rather than choosing from a small list of options from one provider, W&P’s team approach allows us to provide cost-effective, comprehensive coverage for almost every situation. Click here to learn more about our team. Providing Full Service for A Complicated Life With success comes many rewards, all of which can lend complexity to your world. Business, family, multiple homes and cars, watercraft, jewelry, collectibles – the more you add the more that needs protecting. Insuring your life in bits and pieces most likely means you end up with holes in your insurance coverage, which are not a problem until you have a problem. As a full-service insurance broker, Wharton & Power can deliver coverage for every aspect of your life. Since we do not represent only one provider, we can tap into policy offerings that address the unique circumstances that come with an affluent lifestyle. Our team takes you through a comprehensive risk management evaluation, noting areas where your coverage might be lacking or not serving you well. We then develop a multi-faceted plan to ensure you have cost-effective, appropriate and seamless coverage. Our customized approach to insurance is not supported by the quota model of national chains. The Wharton & Power Insurance Team looks to create long-term relationships, a philosophy that has allowed Scott and Dan to consistently retain 92% of their […]
October 21, 2019
business insurance

Words to Thrive By | Business Quotes from Wharton & Power Insurance

October 14, 2019
personal insurance

Words to Thrive By | Business Quotes from Wharton & Power Insurance

October 10, 2019
PEO services

How One Company Saved Time and Money by Outsourcing HR Services

In recent years regulations for the workplace have increased rapidly, making the job of administrating human resources complex and time-consuming. Organizations can become bogged down in the ocean of employment rules and policies, losing time and money in the effort to keep up with compliance. And, the consequences for falling behind have become steeper with the increase in fines. In search of a cost-effective solution, some companies have turned to Professional Employer Organizations, or PEOs, to manage their compliance and HR needs. PEOs bypass the knowledge gap for employers who don’t have that expertise. I’d like to share a story about an Indiana-based company who was looking for an efficient way to handle their human resources tasks. The organization manages fitness centers in more than a dozen states. Trying to handle the plethora of regulations specific to each state, along with the wave of new regulations legislated by the Affordable Care Act, was consuming too much of their time and bottom line. Seeking an alternative to hiring a $50,000 specialized HR employee, the company found that Worksmart Systems worked best for their situation. Without an in-house HR expert, the company relied on a combination of insurance brokers and expensive law firms for advice on internal benefits and workplace-related legal guidance. According to the company president, “As much as anything, it felt like we were spending more time making sure we didn’t step on a crack. Focusing on the legal aspects of employment law took time away from running the business. Now we have WorkSmart Systems to do that and it reduces our administrative time.” Worksmart Systems is an Indiana-based PEO that offers businesses payroll services, employee benefits, HR and compliance services, and a human resources information system. Another benefit of working with Worksmart is access to their expertise in employment policy and regulations. Each client has the ability to contact Worksmart for answers to employment questions and advice. Having experts just a phone call away at no additional expense offers business owners an invaluable peace of mind about their benefits and policies. Through WorkSmart’s comprehensive offerings, the fitness company has seen improvement across the board, from staying compliant to revamping their employee medical package and retirement plans. The new retirement plan cuts administrative fees in half, and the health package includes better medical options and a health savings account for employees.  “It’s a much better plan,” said the company president. “I would have never offered a health savings account because I would have had to figure out all the rules on it. It’s too complicated.” “WorkSmart has made things simple,” added the company president. “They uncomplicated the questions. In the past when someone asked us about insurance plans, we’d have to call the broker and get back to the employee. WorkSmart knows the answer. We can take care of our customers and take care of our employees and run the business.” From providing peace of mind and efficiency to offering robust medical and retirement benefits, PEOs act as a crucial […]
October 7, 2019
business insurance

Words to Thrive By | Business Quotes from Wharton & Power Insurance

September 30, 2019
personal insurance

Words to Thrive By | Business Quotes from Wharton & Power Insurance

September 23, 2019
business insurance

Words to Thrive By | Business Quotes from Wharton & Power Insurance

September 18, 2019
payroll services

The PEO Difference in Payroll Services

As a business owner, you have many options for managing your payroll. However, there are key advantages to using Professional Employer Organizations, or PEOs, over other types of service providers: 1) The Value of Co-Employment Contracting with a PEO like WorkSmart Systems means you enter into a co-employment agreement. By grouping together all of the employees they serve, WorkSmart is able to offer you the benefits of economies of scale. These benefits go beyond cost-savings. You also gain the service, expertise and technology that large organizations receive without being one yourself. The PEO does not delve into the day-to-day activities of your business. Rather, a PEO takes care of the paperwork, disbursements, communication and reporting that comes with managing a payroll. And, the co-employment relationship means the PEO has a vested interest in making sure few if any mistakes are made. 2) Complete Payroll Services The power of pooling also allows PEOs to offer state-of-the-art payroll systems that improve the process for the employer and the employees. Everyone has direct access to the information they need without having to go through an HR professional. WorkSmart PEO even goes a step further by offering all of their payroll clients general human resources services at no additional cost. You are assigned a Payroll Specialist, rather than someone in a call center, who manages your account and knows you and your business. In addition, WorkSmart provides access to an HR expert who can guide you through hiring and firing processes, employee handbook creation, mandatory posting, training and a host of other employee relations and regulation needs. 3) Your Partner in Compliance Tracking salaries, exempt and non-exempt status, overtime, PTO, taxes and health benefits for each employee has always been complex. With the new regulations passed over the last few years, the HR landscape has become even more daunting for a business to manage. PEOs work hard to stay up-to-date on the latest reporting requirements to ensure their clients are compliant. With the ever-increasing cost of missing a deadline or misrepresenting your workforce, it is smart business to have an expert watching out for you. If you are thinking of outsourcing your payroll services, or are already contracted with a traditional provider, you may want to look into what a PEO can offer. Payroll is much more than salaries and W-2s these days. Having an expert on your side can reduce the headaches, costs and complexities of managing your employees.
September 16, 2019
personal insurance

Words to Thrive By | Business Quotes from Wharton & Power Insurance

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