The COVID-19 pandemic has ushered in a new era of remote work. While this shift has offered flexibility for employees and cost savings for businesses, it also presents new challenges for commercial insurance. At Avalue Insurance, we’re here to help businesses in Colorado navigate these changes and ensure they have the right coverage for this new work landscape.
Changes in Risk Profile
With employees working from home, the risk profile of businesses has changed. There may be fewer risks related to physical office space, but new risks associated with remote work have emerged. These can include cyber threats, workers’ compensation claims, and liability issues.
Cyber Insurance
Remote work often means employees accessing company systems and data from home networks, which may not be as secure as office networks. This can increase the risk of cyber attacks. Cyber insurance can provide critical protection, covering costs related to data breaches, ransomware attacks, and other cyber threats.
Workers’ Compensation
Even when working from home, employees are still covered by workers’ compensation for work-related injuries. Businesses need to ensure their workers’ compensation insurance reflects the reality of remote work.
Liability Issues
Remote work can also raise liability issues. For instance, if a delivery driver is injured delivering work-related materials to an employee’s home, the business could potentially be held liable.
At Avalue Insurance, we’re committed to helping businesses in Colorado navigate the complexities of commercial insurance in the age of remote work. If you have any questions or need assistance, don’t hesitate to contact us.
