The biotech industry is one of the fastest-growing industries in the United States and comes with very unique challenges. Complicated work comes with complicated risks, and we at New City Insurance are experts ready to put together tailored coverage for the complex needs of your company. Let us help you protect your company from the various risks that are always looming in the biotech industry.
Comprehensive Benefits For The Biotech Industry
We understand how complicated the Life Sciences & Biotech Industry is. Within your complex industry, New City provides simplified solutions for your company.
- Customized strategies for all stages of development
- Seamless technology integration between benefits, payroll and HR
- Life Science & Biotech employees expect comprehensive benefits, including health, dental, vision, life, LTD, worksite benefits, FSA & commuter benefits
Our Employee Benefits & HR Consulting Services
New City takes a comprehensive approach to assessing your benefits needs. We’ll determine which plans and carriers suit your company best, while also analyzing the right technology solutions to integrate with your existing payroll and HR platforms.
Benchmarking allows us to compare key metrics with your competitors in the biotech industry to ensure we are presenting you with the best possible guidance and coverage. We invest significant resources into our benchmarking practices to identify areas of improvement so that your biotech company acquires and maintains a leg up to attract top talent.
Our specialized biotech industry PEOs help your business centralize your standard core business services, allowing you to focus on what matters most – growing your business, and conducting the important biotech research that our world needs. At New City, we work with all the major PEOs who all focus on handling back-end office tasks such as HR, payroll integration, and employee benefits compliance.
Not only does the right executive benefits plan give your company a competitive edge in the biotech industry employer market, but it helps your company recruit and retain the best talent. We work with all our clients to tailor a rewards package for their key executives that best fit their company’s culture. New City Insurance will help your company see the big picture, and ensure your tailored benefits package acts as a reward for employees, pushing your executives to perform even better.
Group Health Insurance
Having a group health insurance policy that covers all your employees is a great way to make sure that the health of everyone working in the biotech industry is being protected. While there are a lot of risks that can be involved with working in the biotech industry, giving your employees a well rounded and fully protected health insurance policy will benefit everyone in the long run.
The biotech industry is not one to remain stagnant for long. To remain relevant, it is crucial to determine a growth strategy to maintain a competitive edge, which will help you secure your core business functions. Our growth services assist your company in securing exponential and sustained growth to put your biotech company in place as an industry leader.
A comprehensive retirement plan for your employees is needed in any modern company. At New City Insurance, we have carefully vetted the best 401K providers, who all offer competitive plan designs with low costs so that your biotech company can achieve maximized returns and maximized employee morale.
Benefits Administration Technology
While paper forms and fax machines used to be the norm, there are now hundreds of ways to streamline how you manage benefits at your company. We help our clients consider how each benefits administration tool aligns with the specific needs and objectives of your biotech company. Our tools will help your company lower your reporting errors, leaving more time for you to focus on the bottom line – growing and innovating in the biotech industry.
Behind retirement planning, wellness plans are heavily sought after by prospective employees in the biotech industry. Showing that you care about your employee’s wellbeing, both physical and mental, will put your biotech company one step further than the competition. At New City Insurance, we help our clients save healthcare dollars by preventing the need for them in the first place. Amongst other great programs, our wellness plans typically include weight-loss competitions, exercise guidance, and smoking cessation.
Competition Within The Biotech Industry
Knowing what other biotech companies are offering is critical to building a health benefits package that attracts and retains top talent. That’s why we invest significant resources in benchmarking – so you have the insight you need to implement custom benefits packages that stand out.
We Provide The Competitive Edge
At New City Insurance, we know that getting the right biotech insurance for your company can be complicated and overwhelming. Our goal is to make you the most competitive employer in the biotech industry in your region, so you can attract and retain the best talent, and reach your business goals faster. For more information about our biotech industry insurance, call New City Insurance at 888.210.2759 or request a consultation online today.