Denver, Colo., – InsureMe, a leading insurance services marketing company, announced this week it will implement an Employee Stock Ownership Plan (ESOP) to invest annual profits in InsureMe stock and provide employees retirement assistance. This newest company benefit, rare amid businesses today, takes effect first quarter 2006 and qualifies InsureMe staff to function fully as company owners with a share of company profits.
The ESOP is an exciting accomplishment for InsureMe President Tim McTavish, who sees the plan as a great tool for putting equity into the hands of employees.
“As co-owners of the company, employees provide the best service for our customers, increase our revenues, control expenses and keep a watchful eye on the competition,” McTavish reported.
In line with this employee/ownership philosophy, InsureMe sponsored an educational training session for employees regarding the fundamentals of the ESOP plan. Recognizing the complexity at hand, the company reinforced plan principles with a required open-book exam, which every company member successfully completed.
“It’s important that each employee have a firm understanding of the ESOP and how they each individually contribute to the growth of the company,” said Robin Paquette, chief operating officer. “It ensures that our employees are well-versed in all areas of the business, which leads to improved performance across the board; we all have something at stake.”
InsureMe employees look forward to the new plan and the security it will provide as company value increases and stock appreciates
InsureMe, an Englewood, Colorado-based company, is the premier provider of online insurance leads for the insurance industry. The InsureMe service links people shopping for insurance with professionals selling it. The company helps millions of consumers each year find auto, home, life, long term care and health insurance quotes, while providing thousands of insurance agents with leads nationwide.