Navigating Your Next Steps Navigating Your Next Steps HUB construction insurance, risk management and employee benefits HUB private equity specialists will work with you to develop a tailored specialists will work with you to develop a tailored strategy that will protect strategy that will protect the bottom line, support your workforce and build the bottom line, support your workforce and build resiliency for 2025. Here resiliency for 2025. Here are some initial considerations: are some initial considerations: Making risk management a pillar of your organization’s culture Erratic deal volume has made private equity firms more mindful Develop a can help identify exposures and develop response plans in case of their bottom line. Taking a higher deductible on any number Don't shy away of any type of incident, whether that is a weather-related event, 1 comprehensive of coverages can reduce premiums and improve experience 1 from risk. a threat of physical safety or a cyberattack. Make sure your risk plan. rating. Ask your HUB broker about captive solutions, self- broker understands how to approach risk and can identify gaps insurance and risk retention groups. in insurance that could disrupt your daily operations. To compete for a shrinking pool of skilled labor, personalized benefits Create a based on HUB Workforce Persona Analysis and data analytics can A (good) loss Understand the root cause of large losses and explain to carriers your personalized help your company differentiate itself from the competition. Creating 2 plan for preventing future losses. Develop a strategy with HUB to trend is your a quality employee experience (QEX) will boost engagement, improve 2 benefits determine the best time and frequency to review alternative markets. friend. recruitment and retention and promote worker wellbeing strategy. PE firms and their portfolio companies are struggling to Remain Safety is already the focal point of your operation, but with attract and retain top talent. But hiring and retaining a strong focused on an influx of new and less-experienced workers, injury risks 3 It's all about base of employees requires supporting employees’ health, 3 workplace increase. Work with a risk professional to review your safety your people. safety and wellbeing. Give them the ability to personalize their safety. program at least annually and address any issues. benefits without increasing costs. HUB’s QEX approach will give you a competitive advantage. Stay in contact with your broker and let them know about With multiple businesses to manage, you’ll have multiple risk Be transparent changes to the business to eliminate surprises at renewal. Be transparent issues. Let your broker know what changes you’ve made with your Review exposures and insurance needs at least 90 days prior 4 with your so there are no surprises at renewal. Review exposures and 4 broker. to policy renewal to allow your broker to find the optimal broker. insurance needs at least 90 days prior to policy renewal, so your coverages for your organization. broker can identify the best options. 7 7