Mental health issues are often overlooked by coworkers or swept under the rug by employers. That means many workers are battling these issues alone. One of the most memorable stories I heard during my years in worksite wellness starts with a training class. The instructor was training their employees on a new computer system for a week. She noticed one employee kept to herself, seemed withdrawn and would always be late coming back from lunches and breaks. Normally your first reaction would be to reprimand the employee, but this instructor went above and beyond. She found the employee in the restroom crying and when she approached her and offered to help, the employee said she was fine. After spending a little time with her it was revealed that she was having some family trouble. The stress of the crisis affected her and her work. They found a counselor for her through their EAP and this helped her work through this stress before it became a bigger issue.
Millennials are those born in the early 1980s up to the early 2000s. According to the US Census Bureau Population Estimate in April 2016, millennials are fast becoming the biggest percentage of the workforce and a leading influence on the employers’ health plans and employee wellness programs. Nine out of ten millennials have health insurance and 85% of them are employed. *
With recent data breaches of big-name stores, businesses all over are taking a deeper look into their security. All businesses need to be aware of the risks and the costs associated with a data breach.
While no one enjoys shopping for or paying for insurance, insurance is the most efficient way to finance a business’s risk with minimal costs. Furthermore, small businesses face specific challenges that larger corporations might not face when they decide on their annual insurance policy.
While larger corporations need master property policies with dozens of locations and warehouses, small businesses often have one location that they lease, not own. Larger corporations need an extensive general liability and umbrella insurance policy, but small businesses often only need $1,000,000 to $2,000,000 in limits. A larger company could absorb a few thousand dollars in losses or deductibles, while small businesses often have a tighter cash flow and need to minimize the risk of unexpected expenses.
There are two types of Property & Casualty insurance policies: Claims-Made Policy and Occurrence Policy. It is important to understand the basics of each as the coverage type determines:
- Whether or not your policy will respond to a claim
- What your company’s responsibilities will be in the event of a claim
- How much your premiums will cost, both now and in future renewal periods