Navigating Your Next Steps Navigating Your Next Steps HUB construction insurance, risk management and employee benefits HUB education 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 Enterprise risk management (ERM) can help educational Develop a can help identify exposures and develop response plans in case Develop a institutions identify exposures, placing your organization in 1 comprehensive of any type of incident, whether that is a weather-related event, comprehensive the best position to respond in case of an incident. Make sure 1 risk plan. a threat of physical safety or a cyberattack. Make sure your risk plan. your broker understands how to approach risk strategically and broker understands how to approach risk and can identify gaps identify gaps in your institution's coverage. in insurance that could disrupt your daily operations. To compete for a shrinking pool of skilled labor, personalized benefits Create a Employees expect organizational support for their health, safety and based on HUB Workforce Persona Analysis and data analytics can Create a wellbeing. Schools with a benefits strategy based on personalization personalized help your company differentiate itself from the competition. Creating 2 personalized and fostering quality employee experiences (QEX) will boost 2 benefits a quality employee experience (QEX) will boost engagement, improve benefits strategy. engagement, recruitment and retention, and lower risk. strategy. recruitment and retention and promote worker wellbeing An incident can be devastating to your institution’s reputation. Remain Safety is already the focal point of your operation, but with Rely on your Take advantage of your broker and insurer’s expertise if focused on an influx of new and less-experienced workers, injury risks 3 broker and an event occurs. They can assist with legal counsel, crisis 3 workplace increase. Work with a risk professional to review your safety carrier in a management, digital forensics and other issues that arise in safety. program at least annually and address any issues. crisis. case of an incident. Consistent communication with your insurance broker will help Stay in contact with your broker and let them know about identify and mitigate issues in advance of the next insurance Be transparent changes to the business to eliminate surprises at renewal. Be transparent renewal and position your institution in the best light. Review with your Review exposures and insurance needs at least 90 days prior 4 with your exposures and insurance needs at least 90 to 120 days prior to 4 broker. to policy renewal to allow your broker to find the optimal broker. policy renewal to allow your broker to find the optimal mix of coverages for your organization. coverage for your educational institution’s needs. 7 7