13 ways Hispanic business
owners are among the most
generous employers in
providing employee benefits
From retirement plans to identity theft protection, Hispanic business owners are more likely
to invest in their employees’ futures and well-being across categories.
5. Dental insurance:
34 percent versus 30 percent
6. Life insurance:
31 percent versus 25 percent
7. Short-term disability:
27 percent versus 19 percent
8. Vision insurance:
25 percent versus 24 percent
9. Long-term disability:
21 percent versus 17 percent
10. Legal advice:
21 percent versus 13 percent
11. Identity theft:
16 percent versus 10 percent
12. Domestic partner benefits:
12 percent versus 10 percent
13. Pet insurance:
5 percent versus 4 percent
Hispanic business owners are also more
likely to help their employees plan for their
futures. Regarding retirement benefits
specifically, 73 percent of Hispanic owners
said a retirement plan is an essential benefit
to their employees — compared to 57
percent of all business owners surveyed.
Most Hispanic owners also reported that
they believe it’s their responsibility to help
their employees save for retirement (64
percent versus 47 percent), and that they
are obligated to provide retirement benefits
to their employees (57 percent versus
47 percent).
“It’s inspiring to know that Hispanic
business owners are making such important
investments in their employees’ benefits
packages,” said Mark Berven, President of
Property & Casualty for Nationwide, the No.
1 total small-business insurer1 in the country.
“Our goal is to provide every business
owner — regardless of background —
with resources and expertise that allow
them to take the right risks to better serve
their customers, employ more people and
be successful.”
Nationwide commissioned a 20-minute,
online survey among a sample of 1,069
U.S. small business owners. Small business
owners are defined as being 18 years or
older, having 1-299 employees, and selfreporting
as the sole or partial owner of their
business. The survey included 102 Hispanic
business owners. The margin of error for
this sample is +/-3% at the 95% confidence
level. Conducted by Edelman Intelligence,
a full-service consumer research firm, the
survey was fielded between May 16-24, 2017.
As a member of CASRO in good standing,
Edelman Intelligence conducts all research in
accordance with Market Research Standards
and Guidelines.
1 Conning, 2014; Conning Strategic Study: The Small
Business Sector for Property-Casualty Insurance:
Market Shift Coming.
Products underwritten by Nationwide Mutual Insurance Company and Affiliated Companies. Home Office:
Columbus, OH 43215. Subject to underwriting guidelines, review, and approval. Products and discounts not
available to all persons in all states.
Nationwide, the Nationwide N and Eagle and Nationwide is on your side are service marks of Nationwide
Mutual Insurance Company. © 2017 Nationwide CPO-1142AO (11/17)
In fact, they are 23 percent more likely than
the general business owner population
to offer benefits ranging from traditional
medical insurance and retirement plans to
more progressive offerings such as identity
theft protection and domestic partner
benefits. More than 1,000 business owners
with 1-299 employees participated in
Nationwide’s survey, including 102 Hispanic
business owners.
“These results are proof positive that the
Hispanic entrepreneur is not only leading
the nation in job creation, but also in job
security,” said Javier Palomarez, President
and CEO of the United States Hispanic
Chamber of Commerce. “It is imperative
that our enterprises have access to a host
of services and financial products that
ensure the longevity of their businesses. As
a long-standing partner of the USHCC, we
are proud to collaborate with Nationwide
on the circulation of this study and their
efforts to support small business. When
Hispanic business succeeds, the American
economy succeeds.”
Hispanic business owners are making
purposeful decisions to invest in their
employees’ futures and well-being. Across
every category included in Nationwide’s
survey, Hispanic owners provide more
benefits to their employees than the general
population of business owners:
1. Medical insurance:
57 percent versus 48 percent
2. Paid time off:
44 percent versus 36 percent
3. Workers’ compensation:
42 percent versus 37 percent
4. Retirement benefits:
37 percent versus 32 percent
For more information, visit
Nationwide’s employee
benefits page on the new
Business Solutions Center:
nationwide.com/bizsolutions