Recently, we introduced the idea that a good insurance policy may not be fully sufficient if you’re striving for true, overall risk management of your business. If you missed that message, you can catch up here.
There are lots of approaches you can take, in a non-insurance way, to gain confidence in your company’s long-term stability. The first one we’ll dig into is HR Support.
HR Support 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, called Mineral (formerly Think HR) that provide countless tools for topics such as these. If you aren’t currently putting effort into these assessments… That have nothing to do with your insurance coverage… You may be at a higher risk than you realize. And keeping a good team smoothly operating is too valuable to chance that.
We’re happy to help guide you through some of these things when you’re ready. And don’t miss our next deep dive in the “Is Insurance Enough?” A Riveting Series: Part 3 where we’ll talk about ERISA Compliance.