Many companies have transitioned from temporarily supporting remote employees out of necessity to restructuring their workforce to accommodate remote workers permanently. If your organization employs hybrid or remote workers, it’s crucial to have appropriate insurance to help protect your company’s financial well-being.
Contact Alteza Insurance Agency serving the Hanover Park and Elgin, Illinois, areas today to learn more about business insurance designed to help protect businesses with work-from-home, hybrid and remote employees.
Insurance Considerations for a Remote Workforce
Having adequate business insurance can help your company manage risk more effectively. Depending on your industry, workforce structure and other details about your business, your agent may recommend that you consider purchasing certain types of business insurance.
Workers’ Compensation Insurance
As more workers perform their jobs from home, ensuring your organization complies with workers’ compensation rules is essential. Remote workers can qualify for benefits if they become ill or are injured in a work-related accident or incident. Your agent can help you determine whether your company must provide workers’ compensation insurance and assist you with staying in compliance with Illinois’ rules.
Business Property Insurance
Protecting company equipment when your workforce is remote is crucial. Your workers may use company laptops, monitors, routers, printers and other specialized equipment that requires proper insurance.
Vacant Property Insurance
The pandemic affected how many companies use real estate. If your workforce was previously located in a central office, you might need insurance to help protect vacant property from water damage, vandalism or property damage.
Cyber Liability Insurance
Maintaining a secure network, protecting the company and customer information and keeping your remote employees connected can present unique security challenges. Cyber liability coverage can help provide crucial protection in case your network is hacked or there’s a security breach.
Business Interruption Insurance
Even with a remote workforce, specific problems can temporarily cause your business to shut down. Computer server interruptions, utility service disruptions and lost or damaged electronic data could devastate your ability to do business.
Talk with your agent about how business interruption insurance works when you employ remote workers and verify your coverage limits to ensure that your company has adequate protection.
Review Your Business Insurance Today
The pandemic brought many changes to how companies manage workers. If your employees work remotely, you may need different types of insurance to help protect your organization and your workers.
Contact Alteza Insurance Agency today to get help evaluating your business insurance coverage