New City Insurance brokers provide tailored and innovative insurance solutions for the unique and complex risks associated with the engineering industry. Engineering workplaces can be messy with oil, dust, and other waste from machines and work processes. Slips, trips and falls are made all the more dangerous with the risk of falling into machinery or sharp edges. We believe it is important to minimize these risks and maximize coverage to keep your company’s operations running efficiently and productively.
Competitive Benefits For The Engineering Industry
Highly competitive job markets with low industry unemployment rates need strong benefit offerings to attract and retain quality employees – and engineering is no exception.
- Engineering companies contribute 80% of employee & dependent premiums, on average
- Engineering employees expect comprehensive benefits, including medical, dental, vision, life, LTD, worksite benefits, FSA and commuter benefits
- Average spend has increased by 11% annually
Employee Benefits & HR Consulting For The Engineering Industry
Our highly competitive, exclusive engineering specific health plan offers qualifying companies average savings that come in at 25% below equivalent plans on the standard market. New City’s experts will always benchmark your current benefits offering with engineering industry norms. We’ll show you where you can save money on premiums, so you can reinvest those savings into building a more robust package without taking away from your bottom line.
Benchmarking allows us to compare key metrics with your competitors in the engineering 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 company acquires and maintains a leg up to attract top talent.
Our specialized engineering industry PEOs help your business centralize your standard core business services, allowing you to focus on what matters most – growing your business and engineering smart designs. 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 engineering 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.
At New City Insurance, we believe it is important for companies in the engineering industry to not only be presented with specialized and tailored insurance solutions, but to grow and innovate. Engineering technology is rapidly advancing and we want to help you determine a growth strategy to help secure your core business functions. Our growth services assist your company in securing exponential and sustained growth to put your engineering company in place as an industry leader.
Retirement plans are one of the most desirable employee benefits. Ensuring that your employees are set up for a financially secure retirement is just one of the ways that will help you find and retain great talent. Having an attractive 401K plan for your employees shows potential prospects that you care for your workforce. At New City Insurance, we have carefully vetted the best 401K providers, who all offer competitive plan designs with low costs so that your engineering company can achieve maximized returns.
Benefits Administration Technology
Managing employee benefits can be a complicated undertaking, especially for engineering companies who have a lot on their plate. Our benefits administration technology helps remove manual and mundane processes that plague many engineering companies, ultimately saving time and money. At New City Insurance, we are trained professionals with the right tools to help your company make the right decisions, resulting in lower reporting errors and more time for you to focus on the bottom line – growing your business.
Healthier employees mean lower health care costs, increased productivity, and reduced disability costs. Our wellness professionals tailor an approach for your engineering company and it is what we do best – striving to create a healthier environment and raise your company’s employee morale through wellness program engagement. Amongst other great programs, our wellness plans typically include weight-loss competitions, exercise guidance, and smoking cessation.
Keeping An Eye On Your Competition?
Knowing what other engineering firms 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.
Speak To The Professionals At New City Today
If you’re searching for tailored engineering industry insurance, please contact us at New City Insurance. We understand that insurance planning is critical to your company’s future. So why leave it to chance? Our goal is to make you the most competitive employer in the engineering industry in your region, so you can attract and retain the best talent, and reach your business goals faster. For more information about our engineering industry insurance, call New City Insurance at 888.210.2759 or request a consultation online today.