Effective Employee Wellness Program Ideas

Employee wellness programs are rapidly increasing in popularity. While traditional health care benefits will always reign supreme, employees appreciate when their employer makes an effort to improve their life. Employers also benefit from implementation of wellness programs as it can help keep employees healthy and fit for work. This means fewer sick days and less interruption in the workplace.

However, not all wellness programs are created equal. Programs should allow employees to make changes that improve their work environment to maintain healthy habits. Employers can use several methods to instill a culture of health and wellness. Below are some ideas to create a wellness program that produces measurable results.

  • Discount healthy food items sold at work. Healthy food choices tend to cost more than unhealthy ones. Employers may need to incentivize their employees to buy the healthier option. In addition to reducing the cost of health foods, providing them in the office removes another hurdle for employees. They no longer need to leave the workplace to obtain a healthy snack or meal.
  • Encourage caterers to provide healthy options. Many offices have cafeterias or call in catering companies to provide lunch during meetings. Employers can tell caterers and vendors to remove overtly unhealthy food choices as well as increase the variety of healthy options.
  • Healthy dining selections near the office. Many employees opt to eat out during the workweek. However, if they commute to the office, they may not be familiar with dining options near them. Employers can distribute a list of healthy restaurant options near the office with simple directions on how to get there.
  • Encourage exercise. Employers should make sure to provide bike racks for employees who are within biking distance to work. They can distribute pamphlets as well that highlight safe biking routes. Encouraging employees to take the stairs rather than the elevator is another way to incorporate physical activity into employees’ workday. Employers can go a step further and negotiate discounts for local health clubs.

Employee wellness and productivity go hand in hand. They are also attractive benefits for job candidates and existing employees. The Reilly Company knows this and works with clients to develop cost-effective, competitive benefits. To learn more about employee wellness programs, contact us.

Does Your Construction Business Have Adequate Insurance?

The large number and wide array of employees and contractors involved in the operation of a construction business creates extensive risk exposure. With the right coverage, construction companies can significantly reduce the financial risks associated with construction sites and the people who work in them and live around them. These risks include:

  • Damage to company property or equipment
  • Injuries or property damage caused to others not affiliated with the company
  • Income loss due to business interruptions such as fires or severe weather
  • Employee injuries that occur on the job

What are the critical components of construction insurance?

Construction insurance usually consists of multiple policies working in concert to protect a business. Failing to invest in the appropriate policies can make the difference between a profitable project and a losing investment. Further, insufficient coverage can bring about situations that damage both reputation and credibility. Some of the most common construction coverages include:

  • General liability insurance. This provides coverage if a company injures an individual or damages another person’s property.
  • Professional liability insurance. Sometimes called errors and omissions insurance, this provides coverage for if a client files a claim related to consultation services, advice, and so on provided by a construction company.
  • Loss of income insurance. This coverage accounts for loss of income due to business interruptions.
  • Workers compensation. Laws often dictate that construction companies invest in this type of insurance. It provides coverage in the event that an employee is injured on the job.
  • Builders risk insurance. This functions like construction liability insurance. This type of insurance encompasses any on-site damage. Some policies include tools and materials as well.
  • Commercial vehicle insurance. If a construction company uses trucks or vans for business purposes, they need this type of insurance. It provides coverage in the event of personal injury or property damage caused by company vehicles.

Investing in the right type of insurance is vital to maintaining a successful construction company. However, navigating which policies your company needs and how much coverage to invest in can be difficult. The Reilly Company Group can help you determine which policies are best for your business. To learn more about utilizing construction insurance to reduce risk, contact us today.

Homeowner’s Guide to Filing Claims

Having homeowners insurance is a necessary part of home ownership. However, having homeowners insurance and knowing how to use it are two very different things. Every policy is unique to the individual. It is best for homeowners to learn the facts and educate themselves on how to make the most of their coverage if they need it.

One of the most common sources of claims is water damage. This could be a leaking sink or a broken ice machine that seeps water into the floors causing damage. Below are guidelines for filing this type of claim as well as some tips for managing the resulting issues in the interim.

Prevention is Key

Maintenance is a big part of homeownership. If a homeowner notices a leak or dripping plumbing, they cannot afford to ignore it. Leaky faucets and toilets are often simple to fix if the homeowner addresses the issue right away. Failing to do so can cause mold and widespread damage. Making sure the roof is in good shape is another great way to prevent water damage before it can start.

Take Swift Action

Homeowners should contact their insurance company immediately after they notice any water damage. Not only will this help resolve the issue faster, it can prevent the problem from compounding. Homeowners should avoid hiring someone to make significant repairs before talking with an insurance agent. Many insurance companies have a local network of trusted contractors or guidelines homeowners can use to find a suitable service provider.

Owning a home is a major life goal for many individuals. It is important to protect such a valuable investment with the proper coverage. The Reilly Company can help individuals understand the nuances of their policy and decide how much coverage is best for them. To learn more, contact us.

Executives Falling Behind on Risk Management

Most executives are aware of the risks their business faces, but they are failing to keep pace with them. One study found that 70 percent of executives believe the risks to their company are greater in number and more complicated than in previous years.

Meanwhile, only a quarter of those executives felt their risk management plan was robust enough to handle the threats to their business. This highlights the disconnect many business owners experience when it comes to business challenges and how to handle them.

Strategic Planning and Leadership

This growing issue is likely the result of failing to incorporate risk management into strategic planning for the company. If executives do not see how risk management advances company goals, it is hard to see its value. Slowly but surely, risk management drops in priority.

A lack of leadership for risk management is often another part of the problem. Less than half of surveyed executives reported having a designated senior staff member to manage risk. Given the increasing complexity of business threats and challenges, companies need dedicated managers to evaluate risks and develop solutions. Without risk management leadership, it falls on individual departments to handle hazards to their section. This results in multiple methods of managing risks with varying degrees of effectiveness.

It can be difficult for business executives to overhaul their risk management strategies. They may feel overwhelmed or unsure where to start making changes. The Reilly Company can help businesses navigate these necessary modifications. Contact us to learn more about how our risk management solutions can help advance your company.