Package policies have lower premiums but might offer weaker RM tools
As small-to-midsized businesses grow and mature over the years, many things change. Annual orders and revenues keep increasing. There may be new products, customers and services. The competitive landscape and overall industry factors can wax and wane. Employees and managers come and go, even in the most stable of firms.
Most importantly, with growth comes complexity in the relationships among personnel and the way people are managed. We can no longer count our supervisors on a single hand. We can no longer hold a staff conference in the lunchroom. Perhaps no area of coverage is more impacted by this evolution than employment practices liability insurance–the coverage “no one likes to talk about.”
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