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We have approx 35 employees. Myself and the other owner also…

We have approx 35 employees...
We have approx 35 employees. Myself and the other owner also work as W2 employees.
I wanted to know what the laws are as they relate to offering disability and life insurance. Specifically can the company take a insurance policy out on myself and the other owner for buyout in case of death.Additionally can we offer a life insurance policy to our uppermost management team or is that something if we offer it to one we have to offer it to all?
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2/20/2018
Roy Hadavi
Category: Employment Law
Satisfied Customers: 1,296
Experience: Attorney at Law Offices of Rosenstein & Associates
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Hi. My name is ***** ***** I am a licensed attorney with extensive labor law experience. I would be happy to provide assistance. Please keep in mind that our conversation does not include an attorney-client relationship and this is for general information purposes only.

Answer: Yes, you may offer specific benefits to specific classes of employees. It is important to make sure that the benefits are provided based on a business grouping, such as management, supervisors, full-time, part-time and not based on any discriminatory basis.

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Roy Hadavi
Category: Employment Law
Satisfied Customers: 1,296
Experience: Attorney at Law Offices of Rosenstein & Associates
Verified
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Thank you so much for the 5-star rating! I know rating takes an additional step and I truly appreciate you taking the extra time! It's been my honor and privilege to help you with this. If I can help you in any way in the future, I'll be happy to help. For easy access, my bookmark is: https://www.justanswer.com/law/expert-royhadavi/ Or, simply request “Roy only” in the first line of your question.

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