Poms & Associates

We are pleased to announce the release of our 2024 Employee Benefits State of the Market Report. This essential guide explores the latest trends in employee well-being and the latest trends reshaping our industry. Key Highlights: ✔ Economic Impact: Financial implications of rising healthcare costs and management strategies. ✔ Generational Workforce: Influence of different generations on benefit design. ✔ Technological Integration: Impact of new technologies on benefits administration. ✔ Personalization: Growing demand for tailored benefits packages. ✔ Holistic Wellness: Programs that include mental, financial, and work-life balance. Our report provides actionable solutions to help your organization stay competitive and meet today’s workforce needs. Don’t miss out—download your copy today! https://lnkd.in/gb-9e7fA #EmployeeBenefits #Insurtech #Insurance #HRTrends #WellnessPrograms

Proactively Managing Risk in #AssistedLiving In the face of rising insurance premiums, assisted living facilities must prioritize risk management over policy cancellation. The pandemic has not only shifted American views on aging and long-term care but has also heightened the financial and operational pressures on these facilities. With policy rates soaring and the demand for long-term care increasing, it's crucial to adopt strategic measures to mitigate risks and manage costs effectively. Discover actionable strategies and insights on how assisted living facilities can navigate these challenges without compromising coverage. Check out Poms & Associates blog for more: https://lnkd.in/dvhYF9tP #AssistedLiving #RiskManagement #Insurance #HealthcareIndustry

As we navigate the evolving landscape of employee #wellbeing, it's crucial to recognize the significant investment employers make in their teams. With 30-40% of hiring costs allocated to #employeebenefits, the stakes are high to optimize this expenditure. In an era marked by economic, geopolitical, and environmental uncertainties—exacerbated by the ongoing adjustments to a COVID-era "new normal"—employers play a pivotal role as anchors of stability. The need to stay abreast of the dynamic benefits landscape is more pressing than ever. Poms & Associates is pleased to share insights from our comprehensive exploration of the 2024 "State of the Benefits Market" Report. Our findings underscore the critical role of specialized benefits insurance professionals who can help you stay competitive and address the evolving needs of your workforce. Stay ahead in providing for your team by understanding these trends and implementing effective strategies. Dive into the full report for a detailed analysis of the current state and future directions of employee benefits. Read the full 2024 Employee Benefits State of the Market Report here. https://lnkd.in/gb-9e7fA #EmployeeBenefits #WorkplaceWellbeing #HumanResources #InsuranceTrends #PomsAndAssociates

Two deadly fires in New Mexico have led to what The Washington Post has deemed a “post-fire nightmare,” with eight floods in just four weeks. How does this happen? Recent studies indicate that climate change is heightening the risk of severe rainfall following wildfires. Hotter, drier conditions are fueling more intense wildfires, and a warmer atmosphere holds more moisture, potentially leading to heavier storms. The aftermath? Burn scars left by these fires could significantly increase flooding risks for over five years as the landscape struggles to recover. Poms & Associates has these tips for any policyholder impacted by wildfire, on our blog here and also linked in the first comment below: https://lnkd.in/g38pS5bF https://lnkd.in/gYDKZvQQ

While Friday's #CrowdStrike incident had virtually no impact on Poms & Associates' client data, the subsequent #globaltechfailure disrupted business as usual for many industries—including #manufacturing. It is more important than ever to work with insurance partners who understand the complexities of manufacturing in a connected world. #Manufacturers need #insurancebrokers who specialize in understanding these risks and can tailor policies to ensure robust protection against similar disruptions. Manufacturing leaders can ensure they are prepared for insurance renewal conversations by discussing the following key points with brokers like Poms & Associates: ✔ Claims handling: In the midst of a crisis, what can you expect as far as claims response time? What tools are available to help you file a claim when your IT systems are online?  ✔ Coverage gaps: Is your policy comprehensive enough for widespread and global interruption events?  ✔ Risk assessment: Are there assessment or inspection resources through your insurer and/or broker that can help you evaluate the risks at every level of your supply chain?  ✔ Language: Can the carrier or broker provide you with risk management language that suits the need of your bilingual or non-native English speaking workers? Poms & Associates continues to follow the insurance implications of this event. https://lnkd.in/gK9N9mtp

“Sometimes my clients would worry because they could only afford benefits plans that were at-best like a car with a manual transmission... I would tell them ‘I’m going to teach you how to drive it like a Ferrari.” - Poms & Associates Vice President Angie Richards Learn how Angie's unique passion for creating benefit solutions translated directly into her clients' ability to attract and retain top talent. Check out this spotlight interview in Insurance Nerds: https://lnkd.in/gUMkWuNe #Benefitsculture #clientcentric #benefitsinsurance

Did you know summer vacation and long weekends are the perfect time for an ergonomics quick-check? Fast Company suggests investing a few minutes of your time off checking the positioning of your home desk, computer monitor and keyboard, and desk/chair positions can prevent years of painful working conditions. This OSHA Safety Training Institute checklist on computer workstations is a helpful primer: https://lnkd.in/g7ExwRia.

Thank you to the Association for Corporate Growth (ACG) for including Poms & Associates at your exceptional Women in Corporate Growth Luncheon this week. It is an honor to be able to be part of your community and mission to support and uplift women in the corporate world. Pictured: Linda Lee, LED Living; Angela Jenkins, Velocity Mortgage Capital; Minerva B., Ventura Orthopedics; and Leslie Perry, Angie Richards, Javonne Pinkney, MBA, and Jessica Bonilla from Poms & Associates.

#Reshoring is bringing many U.S. manufacturing operations closer to home, especially after Covid. Make sure you are working with a broker who specializes in manufacturing, like Poms & Associates, to understand how shifting economic trends impact your insurance coverages ahead of renewals. Check out this article from Supply Chain Management Review Magazine for more on how reshoring is reshaping the #manufacturing landscape: https://lnkd.in/et5h9tDr

Wishing you a restful and rejuvenating Fourth of July from all of us Poms & Associates! We are closed Thursday but back in the office on Friday, July 5.