Insurance is a competitive business. Just like many other businesses, there is no shortage of customers or competitors. In order to be successful, you need a way to stand out from the crowd. As larger insurance agencies and well-known brands are calling your customers, what will it take for them to stay with you?
Unless someone is injured on the job, the workers’ compensation insurance plan isn’t likely to be discussed after onboarding. That’s one of those mandatory topics that human resource managers often fly through when explaining things to new employees. But effectively communicating all the details of your company’s workers’ compensation plan can help lower claims.
You can avoid the stress associated with an extended absence by cross-training your workers. If you teach Worker A to do Worker B’s job, and vice versa, not only does that give your staff more skills (which improves their value within the company), this can rescue productivity when someone is absent, or when an employee has an injury that no longer allows them to perform the job for which they were hired.
The beginning of a new year is a great time to reflect on what went well and not so well in the preceding year. Individuals do it, and so should businesses. It’s a good time to examine some of the mistakes we’ve made and learn from them. It’s also a good time to create some goals to help your business grow and, in turn, increase success. Here are five suggestions for resolutions you may want to adopt for your business in the New Year.