Developing a Group Insurance Plan for Employees of Cooperatives

French M. Hyre

No 314772, Farmer Cooperative Research Report (FCRR) from United States Department of Agriculture, Economic Research Service

Abstract: Excerpts from the report Summary: Many farmer cooperatives already have adopted group Insurance plans for the benefit of their employees. Others have become interested and are seeking Information about them. Most managers of cooperatives that have tried group insurance consider its beneficial effects well worth the cost. They say that it helps an organization attract and hold competent and experienced personnel. They also report that it encourages the employee to feel that the cooperative is interested in his personal welfare, thus bringing about a better relationship between employees and the association. This publication is based upon a study of 40 selected group insurance plans now being used by farmer cooperatives. It discusses the characteristics of group insurance, underwriting practices, and factors affecting cost. It also reports on four ways of determining the amount of insurance to be provided for each employee.

Keywords: Agribusiness; Labor and Human Capital (search for similar items in EconPapers)
Pages: 30
Date: 1955-06
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersfc:314772

DOI: 10.22004/ag.econ.314772

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