Recently, we introduced the idea that a good insurance policy may not be fully sufficient if youâ€™re striving for true, overall risk management of your business. If you missed that message, you can catch upÂ here.
There are lots of approaches you can take, in a non-insurance way, to gain confidence in your companyâ€™s long-term stability. The first one weâ€™ll dig into isÂ HR Support.
HR SupportÂ can be defined as any of the following:
- Onboarding and Termination
- Job Description Builder/Postings
- Employee Retention
- Benefits Management
- Employee Leave and Time Off
- Compensation and Bonus Structures
- Employee Handbooks
- State and Federal Regulations
- Safety and Health in the Workplace
- Tax Filing, Credits, Compliance, etc
- Retirement Planning and Exit Strategies
There are resources, such as the program we use for our partners and clients, calledÂ MineralÂ (formerly Think HR) that provide countless tools for topics such as these. If you arenâ€™t currently putting effort into these assessments… That have nothing to do with your insurance coverageâ€¦ You may be at a higher risk than you realize. And keeping a good team smoothly operating is too valuable to chance that.
Weâ€™re happy to help guide you through some of these things when youâ€™re ready. And donâ€™t miss our next deep dive in theÂ â€œIs Insurance Enough?â€ A Riveting Series: Part 3Â where weâ€™ll talk about ERISA Compliance.