Clearcover is an auto insurance startup that combines a data-driven platform with a minimalist customer acquisition approach to offer drastically reduced premiums. It also offers a digital-first experience and an easy-to-use app.
Its claims process is quick and easy, with customers typically receiving payouts in one to seven days. It also offers alternate transportation coverage, which allows drivers to use funds from their policy when they’re in the shop for repairs instead of renting a car.
Employee Discount on Auto-Insurance
If you’re a government employee, you may be eligible for an employee discount on car insurance. This could save you money throughout your time as a government employee, so it’s worth exploring.
There are several companies that offer discounts to federal employees, including AAA and Geico. However, this discount will vary by company and occupation, so you’ll want to shop around for the best rate.
State workers can also find discounted rates on their auto policies. For example, state employees who are part of a professional association, like teachers or public health workers, can often get discounted rates from some providers.
These benefits can be a huge help to individuals who are struggling with their finances. It’s important to remember that the savings available from these perks are typically a fraction of what you might pay for other types of coverage.
Flexible Workplace Options
Employees want a work-life balance that meets their needs and makes them happy, so allowing them flexibility in their workplace is becoming increasingly important for companies. It helps reduce stress and enhances employee loyalty, engagement and productivity.
Flexibility is especially useful when employees need to adjust their schedules or work remotely, which is a growing trend in the workforce. It also helps companies save on office-related costs while offering a greener, more attractive working environment.
In some cases, employees can receive a discount on their salary or other compensation for flexible arrangements. This can help them pay for health insurance, childcare and other costs.
Supervisors and staff can use these guidelines as a guide to determine how they might develop a flexible work option for an individual situation or need. They should work closely with the individual to ensure that all needs are met and that the arrangement is well-suited for the institution.
Stock options are another way that employers can provide incentives to employees. These equity benefits can be highly motivating, especially in companies that are committed to creating a culture of ownership.
However, many companies use these benefits sparingly. And they have become less popular in recent years as a result of changing accounting rules and shareholder pressure to reduce dilution from equity awards.
One of the biggest concerns with using stock options is that they can be abused by unscrupulous companies or employees. This is why it’s important to make sure that your options are carefully analyzed by an investment professional before you exercise them.
In addition to this, you also want to consider the tax consequences of exercising your options. For example, if you sell your shares before the specified waiting period has expired, these sales can create a disqualifying disposition that could cost you in AMT taxes. This can be especially significant if you’re in a high-tax state.
401K plans offer tax deferred savings and investment options for future income potential. Employers may match a percentage of your contributions, which can increase your savings even further.
Individuals can also choose from various 401K types, such as traditional and Roth IRAs. The Roth 401K allows you to contribute after-tax dollars and avoid paying taxes when withdrawing your money in retirement, while the traditional 401K is a pre-tax contribution plan that can be helpful for people who have a higher income level.
Employees can also borrow against their 401K accounts in case of an emergency. However, the government caps loans at half of your vested balance, not more than $50,000, and requires you to pay it back within five years.