Organizations worldwide experienced some of their toughest times in history as a result of the pandemic. A new normal for organizations began to form, one in which all their employees were working remotely full-time. Many businesses have some experience with hiring remote employees, to put this into perspective, between 2005 and 2018, the number of full-time remote employees had increased by 173%. While it’s true that these past two years likely saw a much more significant increase, it hasn’t been all bad for these organizations. Some of the most unique benefits for organizations can be derived from allowing remote work, such as reduced overhead costs.

No benefit is gained without first having to experience some form of challenge or risk. For example, many managers struggle to maintain the connections they have with their employees without daily face-to-face communication. Without these connections, employees can begin to feel isolated and less accountable for their responsibilities. Managers will have to learn new strategies to maintain quality communication between their employees for the sake of effectively collaborating across all teams organization wide.

While these challenges may seem easy to solve, there are additional issues to handle when it comes to remote employees. For example, there is much more liability to consider for businesses. Remote employees are still the responsibility of the business, meaning any physical injury at home while on the clock will still have to be addressed. The same can be said for the numerous amount of digital threats that target employees. If an employee erroneously puts company data in jeopardy and falls victim to a cyberattack, their employer will be responsible for solving the issue. This is why insurance policies that provide coverage to remote employees are imperative.

As mentioned, businesses must select the correct insurance policies for the necessary coverage for their employees. This insurance is put in place to mitigate the risks of the cyberattacks and breaches businesses are exposed to. Whether it be first-party or third-party cyber liability insurance, all organizational data, including client-based data, can remain protected. It’s best to employ these policies before transitioning employees to remotely full-time.

While the benefits of remote work are vast, it requires proper execution on behalf of both the managerial and executive staff of a business. The businesses’ that do manage to pull off remote work successfully provide employees a more enabling work-life balance. Any business curious about additional information related to the ways in which they can support their remote employees should be sure to check out the infographic coupled alongside this post. Courtesy of B2Z Insurance.