When the pandemic hit, the new risks associated with COVID-19 and resulting closures set off some changes for insurance. While event cancellation insurance changes popped up on everyone’s radar immediately, after a year of changes to the risk environment, others are coming to light.
“Insurance has always been an ever-evolving market because they are risk managers,” said Brian Haney, CAE, founder and vice president of the Haney Company, an insurance brokerage and advisory firm. “As risks continue to evolve, the insurance landscape is really good at evolving with it.”
So, how is the insurance market changing? I got in touch with Haney after seeing a post on Collaborate expressing concern that workers’ compensation insurance rates rose when employees began teleworking. Haney addressed workers’ comp and four other issues that should be on associations’ radar when it comes to the evolving insurance landscape.
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