Employee Benefits for Trade Businesses and Contractors

Trade businesses need benefits that are practical, affordable, and built around how the company actually operates.

DWAI Consulting helps contractors and trade businesses review health insurance costs, level-funded plan options, employee benefits, and owner protection strategies.

Trade businesses are not usually built like office-based companies.

Employees may work in the field, move between job sites, have different income levels, or value different parts of the benefits package. Owners also need to think about retention, hiring, cash flow, and what happens if a key person or owner is no longer able to work. All of this is juggled when bidding on jobs and the benefits package can actually impact a company's ability to compete.

That makes benefits planning more than a quote comparison.

DWAI Consulting helps trade business owners review whether the current plan still fits the company, the employees, and the people who own the business.

A benefits review may be especially useful for contractors and trades with:

• Rising health insurance renewals
• 10 or more employees
• Field crews or multiple job locations
• Employees with different coverage needs
• Participation challenges
• Competition for skilled workers
• Owners who are central to daily operations
• Key employees who would be difficult to replace
• A need to offer benefits without overspending

We help contractors review current health insurance costs, renewal increases, employee contributions, plan design, and whether the plan still fits the workforce. Health insurance is usually the main cost driver, but dental, vision, life, disability, and supplemental benefits may help round out the package when they fit the company and employees.

 Some trade businesses may be worth reviewing for level-funded health plans. DWAI helps evaluate whether the funding method, underwriting, network, and renewal risk make sense.  

Many trade businesses depend heavily on the owner, a partner, estimator, project manager, foreman, or key salesperson. DWAI helps review buy-sell funding, key person coverage, and business-owned life insurance strategies.