GE Small Business Solutions Enhances Employee Benefit Offerings and Resources Available to Small Businesses Via the Web.Business Editors STAMFORD, Conn.--(BUSINESS WIRE)--Oct. 9, 2000 Offering Extends the Agent/Customer Relationship Around the Clock GE Small Business Solutions (GESBS) announced today that it has expanded its offerings of insurance products on its Web site, www.GEsmallbusiness.com. The enhanced product offering is in response to an increased demand by small business owners to offer their employees improved benefits in a manner which is both convenient and cost-effective cost-effective, n the minimal expenditure of dollars, time, and other elements necessary to achieve the health care result deemed necessary and appropriate. . While small businesses' use of the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the has doubled in the past year, many products and services targeted to this explosive market, such as employee benefits, have not effectively been offered on the Web. GESBS goes above and beyond other benefit offerings on the Web by extending expert consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" in addition to its suite of financial and benefit offerings for small businesses on its Web site. Starting today, GESBS will offer medical benefits as well as stop loss insurance, which manages risk for employers who choose to self-fund their medical plan. GESBS also offers dental, short-term Short-term Any investments with a maturity of one year or less. short-term 1. Of or relating to a gain or loss on the value of an asset that has been held less than a specified period of time. and long-term Long-term Three or more years. In the context of accounting, more than 1 year. long-term 1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term. disability and life insurance, giving small businesses access to a complete employee benefit portfolio, as well as various financing solutions through its Web site. "Our customers indicated to us that the ability to offer a comprehensive, competitive benefits package to their employees is a top priority as they look to attract and retain talent," said Jeff Kiesel, president of GE Small Business Solutions. "We have fulfilled ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. this need by offering new benefit products over the Web, enabling our customers to access this information at their own pace and convenience." In addition to adding Medical and Stop Loss insurance to the site, small business owners will now have the opportunity to work directly with a certified See certification. Benefit Consultant who can walk them through their benefit options and help them create a benefit package that is right for them and their employees. GESBS will also offer risk management advice and help employers develop employee benefit programs that meet a company's risk management goals and fit the risk make-up Make-up The amount of deficiency when a cash flow or capital item is deficient. For example, an interest make-up relates to the interest amount above a ceiling percentage. of their employee group. Additionally, GESBS' benefit consultants will work with employers' brokers or producers in designing the right benefits program. "New product offerings are just the beginning of our enhanced services Enhanced service is service offered over commercial carrier transmission facilities used in interstate communications, that employs computer processing applications that act on the format, content, code, protocol, or similar aspects of the subscriber's transmitted information; ," continued Kiesel. "Our knowledgeable consultants offer individual attention to our customers, guiding them through the process and helping them find the right benefits package that not only meets their needs, but also the needs of their employees." Other recent enhancements to the GESBS Web site include: - A "Pocket Analyzer," which allows a visitor to pre-qualify for an SBA loan, estimate their monthly payment and determine a probability of approval - A GE Fleet Consultant report, which details how much the visitor can save by utilizing GESBS' vehicle management services - An online pricing tool, which estimates the visitor's monthly payment on an equipment lease and enables them to apply for the lease online - A Financial Product Selector, which can recommend a product solution when the visitor answers a few questions about their business. About GE Small Business Solutions GE Small Business Solutions, a new initiative from GE Capital, was launched in February 2000 and offers equipment financing, corporate credit cards, employee benefit programs and fleet financing and management to small businesses with up to $20 million in revenues. GESBS provides the financial resources, e-commerce e-commerce, commerce conducted over the Internet, most often via the World Wide Web. E-commerce can apply to purchases made through the Web or to business-to-business activities such as inventory transfers. expertise and industry know-how to help small businesses grow in today's fast-paced economy. GESBS' Web site, www.GEsmallbusiness.com, offers small businesses financial solutions via the Internet, including equipment loans and leases, vehicle leases, SBA SBA abbr. Small Business Administration Noun 1. SBA - an independent agency of the United States government that protects the interests of small businesses and ensures that they receive a fair share of government loans, corporate credit cards, benefits programs, personal computers and technology solutions. In addition to the web site, small business leaders can also access GESBS through its customer service number (888)335-GESB (4372). |
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