Navigating Your Next Steps Navigating Your Next Steps HUB construction insurance, risk management and employee benefits HUB hospitality insurance, risk management and employee benefits specialists specialists will work with you to develop a tailored strategy that will protect will work with you to develop a tailored strategy that will protect the bottom the bottom line, support your workforce and build resiliency for 2025. Here line, support your workforce and build resiliency for 2025. Here are some are some initial considerations: initial considerations: Making risk management a pillar of your organization’s culture can help identify exposures and develop response plans in case Develop a Inflation, increasing catastrophes and nuclear verdicts are Thoughtfully of any type of incident, whether that is a weather-related event, 1 comprehensive making insurance more expensive. Consider alternative insurance 1 lean into risk a threat of physical safety or a cyberattack. Make sure your risk plan. vehicles, such as captives. Ask your HUB broker about devising an management. broker understands how to approach risk and can identify gaps insurance strategy that meets your risk profile and budget. in insurance that could disrupt your daily operations. To compete for a shrinking pool of skilled labor, personalized benefits Develop a three- to five-year plan with regular budgeted investments Create a based on HUB Workforce Persona Analysis and data analytics can to maintain your property and reduce exposure. Investing in windows personalized help your company differentiate itself from the competition. Creating 2 Invest in your and roofing that can withstand hurricane winds or adding water 2 benefits a quality employee experience (QEX) will boost engagement, improve facilities. sensors throughout buildings, demonstrates to underwriters your strategy. recruitment and retention and promote worker wellbeing commitment to property management and safety. Remain Safety is already the focal point of your operation, but with Hospitality businesses have difÏculty attracting and retaining focused on an influx of new and less-experienced workers, injury risks 3 Increase employees, but those with a benefits strategy based on workplace increase. Work with a risk professional to review your safety workforce personalization and fostering a quality employee experience 3 safety. program at least annually and address any issues. engagement (QEX) will boost engagement, have an advantage in recruiting through benefits. and retention and lower risk as well. Stay in contact with your broker and let them know about changes to the business to eliminate surprises at renewal. Be transparent Review exposures and insurance needs at least 90 days prior 4 with your Let your broker know what changes you’ve made to the broker. to policy renewal to allow your broker to find the optimal Be transparent business, so there are no surprises at renewal. Review exposures 5 coverages for your organization. 4 with your and insurance needs at least 90 days prior to policy renewal, so broker. your broker can identify the best options. 7 7