Navigating Your Next Steps Navigating Your Next Steps HUB construction insurance, risk management and employee benefits HUB agribusiness industry insurance, risk management and employee benefits specialists will work with you to develop a tailored strategy that will protect specialists will work with you to develop a tailored strategy to protect your the bottom line, support your workforce and build resiliency for 2025. Here bottom line, support the vitality of your workforce and build resiliency for are some initial considerations: 2025. Here are some initial considerations: Making risk management a pillar of your organization’s culture Risks in agribusiness have increased — and so have insurance can help identify exposures and develop response plans in case Develop a premiums. Consider taking a higher deductible on some of any type of incident, whether that is a weather-related event, Thoughtfully coverages, which reduces premiums and improves experience 1 comprehensive a threat of physical safety or a cyberattack. Make sure your 1 lean into risk. rating, or think about alternative risk transfer vehicles to lower risk plan. broker understands how to approach risk and can identify gaps costs. Ask your broker what kind of insurance strategy meets in insurance that could disrupt your daily operations. your risk profile and budget. To compete for a shrinking pool of skilled labor, personalized benefits Create a Employees expect you to support their health, safety and wellbeing. Increase based on HUB Workforce Persona Analysis and data analytics can personalized A benefits strategy based on personalization and fostering quality engagement help your company differentiate itself from the competition. Creating 2 benefits employee experiences (QEX) will boost engagement, recruiting and 2 through a quality employee experience (QEX) will boost engagement, improve strategy. retention and lower risk. benefits. recruitment and retention and promote worker wellbeing Remain Safety is already the focal point of your operation, but with Understand the root cause of your large losses and explain to focused on an influx of new and less-experienced workers, injury risks 3 Understand your carriers what you’re doing to prevent future losses. Develop a 3 workplace increase. Work with a risk professional to review your safety loss trends. strategy with HUB to determine the best time and frequency safety. program at least annually and address any issues. to review alternative markets. Stay in contact with your broker and let them know about Let your broker know what changes you’ve made to the business, so Be transparent changes to the business to eliminate surprises at renewal. Be transparent there are no surprises at renewal. Review exposures and insurance with your Review exposures and insurance needs at least 90 days prior 4 with your needs at least 90 days prior to policy renewal, so your broker can 4 broker. to policy renewal to allow your broker to find the optimal broker. identify the best options. coverages for your organization. 7 7