As technology advances, so does an increased focus on work-life balance. Allowing your employees to work from home (includes staff that are working remotely within the organisation) to their time and flexibility will increase job satisfaction and performance.
Employees get to work at their own pace while still meeting performance criteria. This provides them with freedom as they get to work when they will be most productive from the comfort of their homes. Also, there will be less distractions from co-workers and workplace noise too.
Similarly, as a business owner, this could help you reduce staff turnover. When trust and confidence have been established between you and your employees, you could reduce recruiting, hiring, and retaining new staff members costs in the long run.
While allowing your employees to work from home is great, it’s important to think about having the right insurance in place to protect them. This ensures both parties can continue working effectively.
If your employee sustains an injury at their home, it is your responsibility to ensure they are covered appropriately with individual personal accident & sickness insurance. Having an individual personal accident & sickness insurance policy in place will provide your employee who is working from home that extra layer of protection, which they deserve.
The other thing to consider is to insure business equipment such as work laptops and tablets regardless of the location your employee is in (applies only if your employee is using the company’s laptop or tablet to work). This is crucial as any loss of data can cripple the flow of your business.
In conclusion, it doesn’t matter where your employees work as you will still be highly responsible for their physical health and mental wellbeing. As a business owner, it’s vital to protect your employees by ensuring you have the appropriate insurance cover for them.
At East West Insurance Brokers, we can help protect you and your business against such risks that may stand in your employees’ way when working from home. Learn how you can protect your employees and your business against legal liabilities. Talk to us today to learn more:
P: 1800 809 132
*Please note all insurance policies have exclusions. Please refer to the Product Disclosure Statement or Policy Wording before deciding whether the insurance policy meets your needs.