When you’re insuring your business, you want to tailor the protection to the specific risks. It’s important that your property is valued correctly so you get enough coverage. According to industry data, about 75% of commercial properties are underinsured by a significant amount. Click on the image to download or print the information sheet.
As a business owner, you’re constantly working to ensure every part of your business is running smoothly. It’s a good idea to get a business owners policy (BOP) to cover the parts of your business you don’t have control over. Click on the image to download or print the information sheet.
The quality of the indoor air in your business can affect the health and comfort of your employees. The Environmental Protection Agency has discovered that improved air quality in businesses can increase the productivity of their employees. Click on the image to download or print the safety sheet.
Winter weather can create hazardous conditions that may quickly turn into accidents. Icy sidewalks can cause slips or falls resulting in serious injuries. Click on the image to download and print the safety sheet. Stay safe and watch your step!
Among the many lasting effects of the COVID-19 pandemic is the impact on mental health. Months of isolation, coupled with anxiety about job security and physical health, followed by the economic stress from inflation and supply chain issues, have helped to fuel lingering mental health challenges for millions – including your employees.
In fact, while more than one in five Americans have diagnosable mental disorders at some point in their lives, only about half of them receive professional mental health treatment. One main reason – seeking access to such treatment – can be attributed to whether the person’s employer offers mental health benefits.
Under the Affordable Care Act, non-grandfathered health plans in the iCndividual and small group markets are required to cover mental and behavioral health treatments as one of the 10 essential health benefits. That means most fully insured group health plans sponsored by small employers (typically those with up to 50 employees) must include coverage for mental health benefits. Also, health plans must comply with the Mental Health Parity and Addiction Act of 2008, which prohibits group health plans (and health insurance issuers providing mental health and substance use disorder benefits) from imposing less favorable benefit limitations on those benefits than what they impose on surgical and medical care.
Beyond the legal and policy compliance considerations, however, providing adequate mental health benefits also makes economic sense. More employers have come to recognize that the cost of lost productivity due to employees suffering from mental health issues exceeds the cost of providing adequate mental health benefits coverage.
Options available to employers to help address these issues include:
The U.S. Department of Labor has more information on mental health at www.dol.gov. You can also contact the Benefits team at Evergreen Insurance for more information and guidance on this important topic.
Copyright 2023 Evergreen Insurance
Evergreen Insurance provides these updates for information only, and does not provide legal advice. To make decisions regarding insurance matters, please consult directly with a licensed insurance professional or firm.
February is National Cancer Prevention Month. Unfortunately, many people face cancer in their lifetime. Keeping your body healthy can help mitigate some of the risk factors. Click on the image to download or print the safety sheet.
Do you find the options in auto insurance confusing? With so much information available, especially on the internet, it can be difficult to know what the real facts are about auto policy options. Click on the image to download or print the fact sheet to learn the truth behind several common myths.
Buying a used car can be a great way to save money. Because these cars have been previously owned, they may have problems you don’t see at first glance. It’s important that you do research on the car before you make your purchase. Click on the image to download or print the tip sheet.
Cyber incidents have become increasingly more common, and no business is immune to attacks. With the variety of threats your company can face, you may not know where to start when it comes to cyber protection. Click on the image to download or print the safety sheet for practical measures you can implement to secure your business.
It can be hard to stay healthy in the winter! However, there are ways you can strengthen your body and prevent getting sick. Click on the image to download or print the safety sheet for tips on staying healthy during cold and flu season.
