Navigating Your Next Steps Navigating Your Next Steps HUB construction insurance, risk management and employee benefits HUB nonprofit insurance and risk management specialists will work with you specialists will work with you to develop a tailored strategy that will protect to develop a tailored strategy that will protect the bottom line, support your the bottom line, support your workforce and build resiliency for 2025. Here workforce and build resiliency for 2025. Here are some initial considerations: are some initial considerations: Making risk management a pillar of your organization’s culture A thorough enterprise risk management (ERM) process can Develop a can help identify exposures and develop response plans in case Develop a help identify exposures and place your nonprofit in the best 1 comprehensive of any type of incident, whether that is a weather-related event, comprehensive light in case of an incident. Work with a broker who understands 1 risk plan. a threat of physical safety or a cyberattack. Make sure your risk plan. how to strategically approach risk and identify gaps in the broker understands how to approach risk and can identify gaps organization. in insurance that could disrupt your daily operations. To compete for a shrinking pool of skilled labor, personalized benefits Create a Personalized benefits can differentiate your organization from Create a based on HUB Workforce Persona Analysis and data analytics can personalized other nonprofits. Adopt a creative approach to benefits — such as personalized help your company differentiate itself from the competition. Creating 2 benefits funding them through a human capital endowment — to deliver 2 benefits a quality employee experience (QEX) will boost engagement, improve strategy. more affordable benefits that give you an edge in recruiting and strategy. recruitment and retention and promote worker wellbeing retaining talent. Safety is already the focal point of your operation, but with Remain An incident can be devastating to a nonprofit’s reputation. Rely on your an influx of new and less-experienced workers, injury risks 3 focused on Take advantage of your broker and insurer’s expertise if an broker in a increase. Work with a risk professional to review your safety 3 workplace event occurs. They can assist with developing a thorough crisis. program at least annually and address any issues. safety. crisis response plan to minimize financial and public relations impact. Stay in contact with your broker and let them know about Consistent communication with your insurance broker will help changes to the business to eliminate surprises at renewal. Be transparent identify and mitigate issues in advance of renewal and position Be transparent Review exposures and insurance needs at least 90 days prior with your your organization to get the right coverage at an affordable 4 with your to policy renewal to allow your broker to find the optimal 4 broker. rate. Review exposures and insurance needs at least 90 days broker. coverages for your organization. prior to policy renewal to allow your broker to find the optimal mix of coverage for your organization’s needs. 6 6