Posted by: Admin
Posted on: Feb 27, 2023 at 9:23 am
As an employer, you bear responsibility for your workers' health, safety and wellness. Accidents and errors in the workplace can have devastating ramifications for both the short- and long-term health of your employees, so employers should implement robust risk management and loss control practices. Regardless of how diligent and thorough you may be in establishing and maintaining a safe work environment, working with a qualified insurance broker to ensure you and your employees have access to necessary resources in difficult times is essential.
Insurance brokers are uniquely positioned to help businesses of all sizes and sectors assess and address their risks and exposures. Equipped with an extensive cache of knowledge and experience, brokers can provide invaluable insight as it pertains to analyzing your organization’s unique circumstances and identifying all optimal insurance coverages and employee benefits.
Although no two businesses have the same needs, there are several ways insurance brokers can help protect your employees’ short- and long-term health and wellness, such as ensuring you understand the following:
Beyond providing the aforementioned insurance coverages to your employees, brokers can also play a critical role in helping your business understand legal compliance. For example, the Affordable Care Act requires many employers to offer health insurance to employees. Furthermore, workers’ compensation insurance is mandated for most employers in every state but Texas.
In addition to assessing and addressing insurance requirements, insurance brokers may also possess invaluable knowledge concerning employee benefits. By offering an ideal set of perks and programs, your business can help employees maintain their health and wellness while also enjoying attraction and retention gains. Brokers can help organizations understand requirements and compile optimal benefits packages, which may include the following:
Although some of these benefits may not directly impact the safety of your workplace, they may help keep employees happy and healthy, reducing the risk of health issues and accidents on the job.
In addition to providing optimal insurance solutions and employee benefits packages, brokers may also have invaluable insight to ensure your business complies with workplace safety regulations and requirements. Furthermore, many brokerages may include loss control services with your business’s policies. During a loss control investigation, a workplace safety expert will assess your workplace and identify potential improvements. By adhering to these recommendations, you can make your employees safer and may even qualify for discounted coverage.
Maintaining a safe workplace and taking care of your employees are essential responsibilities. But you don’t have to tackle risks and exposures by yourself. Contact Beckworth Beneficial today to learn more about keeping your business and workers safe.
NOTICE: This blog and website are for educational and informational use only and do not offer exhaustive legal, insurance, or tax advice. No broker-client relationship is established by your use of the site. For professional advice, consult a licensed expert in your state.