What is SHOP?

As a business owner, one of your responsibilities is purchasing commercial insurance. Several types of commercial insurance are available, and you might have questions about which ones are right for your business. If your business is in the Louisa, VA area, our Pivotal Insurance Agency LLC team encourages you to visit us to discuss your insurance needs. Our agency is new to the Louisa area, and we look forward to working with your business.

Understanding SHOP

If your business is classified as a small business, it may qualify to offer SHOP healthcare insurance coverage for your employees. According to Virginia’s Insurance Marketplace, a small business has 1 – 50 full-time employees. SHOP, or Small Business Health Options Program, allows you to offer health insurance benefits to your employees at any time of the year. Please note that you must provide this insurance for every full-time employee to qualify for the program.

Enrollment in the SHOP program also allows your company to qualify for the Small Business Health Care Tax Credit. This tax credit may be worth up to 50% of the cost that you pay for your employees’ health premiums. Available benefits can be health coverage, dental coverage, or both health and dental coverage.

Contact The Pivotal Insurance Agency Today

Whether you’re a small business owner or you own a chain of several facilities, our agents can provide the answers you need. Our team at The Pivotal Insurance Agency LLC is ready to help you develop the right group of insurance policies to protect your company. Business clients in the Louisa, VA area are invited to get to know us and learn how we can answer insurance questions. Call us for an appointment today, and let’s talk about your business insurance.