Risk Cooperative Grows Employee Benefits Practice with Industry Recognized Team Washington, D.C. – Risk Cooperative, a certified minority business enterprise specializing in insurance brokerage and risk advisory services, announces a prestigious industry award and Employee Benefits staffing transitions amidst continued business growth. Derrick Wong, who joined Risk Cooperative in 2019 as an Account Executive and transitioned to leading the firm’s Employee Benefits Practice in 2022, has been named a 2023 Power Broker by Risk & Insurance, affiliated with The Institutes. This is the 19th year that Risk & Insurance has celebrated individual brokers for exceptional client work, and the Employee Benefits category boasts a particularly crowded field of industry talent. “Derrick could not be more deserving of this industry recognition,” ...
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Despite surging demand for their services, low wage home health workers are often without proper healthcare themselves. Below is a summary. Additional details are outlined in the full article, published by Risk & Insurance. Read Full Article Despite the widespread availability of employer sponsored health insurance, low wage workers, particularly in the health care sector, continue to face overwhelming challenges to obtain adequate, affordable coverage. Key takeaways: Health Care Includes a Large Number of Low Wage Workers | There are nearly 7 million support, direct care, and service workers in the healthcare industry, and many make significantly less than the average U.S. wage. The Rising Costs of Health Care Effects Them on Two Fronts | First, the employee contribution for ...
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The pandemic exposed deficits not only in our healthcare infrastructure but in how we care for our workforce. More flexible work schedules and better access to childcare and mental health care are key to addressing these deficits.
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The COVID-19 pandemic drastically altered the way we operate in society, exposed glaring weaknesses within the healthcare infrastructure, and revealed the lack of preparedness across organizations. The irrefutable interrelation between work and life became acutely clear as households quickly became domains for office work, childcare, and virtual learning. This sudden societal change, buoyed with a prolonged pandemic, launched mental health, health equity, and overall ...
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As the U.S. economy returns to normal, businesses turn to upskilling their workforce to navigate the challenges of the post-COVID world.
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Companies are facing modern business challenges spurred by the COVID-19 pandemic as organizations are forced to adapt to an accelerated shift to e-commerce. The surging demand for digital services has led to a shortage of available computer analysts and engineers, driving companies to pursue an alternative option to hiring new employees: retraining existing staff.
Retailers Respond to Digital Demands
The retail industry has seen artificial intelligence play an immense role as consumers increasingly prefer to shop online. However, a tight labor market ...
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Hospitals weathered massive financial hits in 2020 and it's likely that COVID-19 will impact the industry throughout 2021.
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The hospital industry faced a massive financial crisis in 2020 caused by the COVID-19 pandemic, as systems struggled with low patient volumes and massive hits to financial resources and liquidity. The pandemic will likely continue to have a substantial impact on the hospital industry throughout 2021, from increased hospital consolidation to a volatile payer mix and a surge in telehealth.
Mergers Likely to Increase for the Greater Good
Healthcare experienced a significant movement toward hospital consolidation prior to the pandemic, and this trend is likely ...
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An abundance of injuries in Amazon warehouses may damage more than just the e-commerce behemoth’s reputation.
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The hazardous working environments within its warehouses could begin to hurt the company’s bottom line as well.
Amazon’s Fulfillment Centers are Deemed Unfulfilling
According to the Seattle Times, Washington state’s labor agency reported that workers in Amazon’s highly automated warehouses are injured at a higher rate than people working in other types of storage facilities. In December, the labor agency announced a new fulfillment center classification for warehouse employees to calculate workers’ compensation insurance rates.
Previously, the State Department of Labor & Industries has grouped Amazon fulfillment ...
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The pandemic has revealed vulnerabilities in the U.S. healthcare and economic systems, including the absence of prolonged, comprehensive paid family, medical, and sick leave to support workers and public health.
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The COVID-19 pandemic has made evident the vulnerabilities in the U.S. healthcare and economic systems. One issue that has been at the forefront during the current crisis is the absence of prolonged, comprehensive paid family, medical, and sick leave to support workers and public health.
Prior to the pandemic, the U.S. was an outlier among developed countries due to the lack of national leave policies, which forced a vast majority of workers ...
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While large corporations can afford to extend reopening timelines, smaller businesses need to rely on prevention, monitoring, and responding to a resurgence of COVID-19 in the workplace for the foreseeable future.
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While many businesses and their employees are eager to return to a sense of normalcy and resume in-office operations, industries across the U.S. continue to face a host of unknowns in the workplace as a result of the ongoing COVID-19 pandemic.
The New York Times recently announced that large corporations such as Microsoft, Ford, and Google have tentatively extended their return-to-office date to July 2021 to keep workers safe. Many employers ...
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Risk Cooperative helps organizations navigate the complex world of health insurance and employee benefits. Learn More
Whether you need a comprehensive benefits package or general liability coverage, your insurance broker should be a valued partner that inspires trust. A client/broker relationship should identify the organization’s financial and business needs, leading to a strategic approach toward reaching the client’s benchmarks and achieving long-term goals. But finding clear advice about how to choose your broker can be difficult. In this article, we answer some basic questions to help you in your decision.
Q: Why should you use a benefits broker?
A: Benefits brokers provide many advantages in addition to helping a business procure health insurance, including:
Improved Talent Recruitment and Retention | The market ...
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In our How to Choose a Broker on-demand webinar, our experts share insider tips on what great brokers do to arm their clients with the information they need to serve their employees and protect their businesses. They cover:
• Best practices for broker/client communications
• What your broker can do to save you money on employee benefits
• Resources your broker can offer to support regulatory compliance
• How your broker can help you manage the administration of your benefits package
• The value of utilizing a broker that can handle all lines of insurance
• How a broker can help address risk across business operations
• Questions about pandemic resiliency and recovery
It can be quite costly – in time, money, and opportunity – to stay ...
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