The New Economy Creates New Business Risks

Every business has faced issues related to the new economy. The new economy involves how work gets done in today’s millennial environment. Your workers’ compensation and business insurance programs must be designed and respond to these new risks. Now would be a good time to have your business insurance program reviewed to make sure that you have the best possible combination of coverage, price, and services.

New Age Workers’ Compensation Risks

• Social media fingers--Employees are constantly sending and receiving text messages and emails from smart deceives. This increase the stress on fingers, neck, and eyes.
• Work from home--Employees who work from home should be afforded the same equipment as office employees.
• Pet-friendly environments--More employers are allowing pets to enter the workplace, some as accommodations for ADA. Employers must consider the potential for allergies and other similar claims.
• Work and play--Companies that offer recreation facilities and game rooms create a potential for new kinds of injuries.
• 24/7 connections--Many employees use laptops or other personal devices as part of their job. Having employees always on demand can create physical and emotional health issues.

As a business owner, you go to great lengths to provide a safe working environment for your employees. Workers’ compensation continues to be a significant cost driver for most employers, and understanding all the factors that can drive your workers' compensation cost can often be complex and time consuming.

At Leap / Carpenter / Kemps, Merced County’s largest locally-owned agency, we have an experienced staff of professionals who understand that each business is unique and that the one-size-fits-all approach just doesn’t work. Our agents have access to more carriers and more plans, and that means that they have more options to create the best possible combination of coverage to minimize your risks and lower your costs.