Corporate risks come in many guises. From natural disasters and cyber crime to poor conduct and penalties for non-compliance, the myriad of risks facing corporations are seemingly endless and ever-evolving. Unexpected mishaps can pop up at any time, potentially leading to detrimental outcomes even for organizations with the most robust balance sheets. Therefore, having the…
Insurance brokers operate on behalf of the buyers and their interests, while insurance agents represent the insurance companies. As such, insurance agents help match a buyer to plans from the insurance companies they represent, while brokers can go the extra mile by helping buyers negotiate as well. In today’s blog post, we will be going…
A group health insurance plan offers coverage to employees of a company and is much cheaper compared to individual health insurance. However small businesses tend to shy away from offering such plans due to lack of understanding of resources. In today’s blog post, we will be going over group health insurance for small businesses and…
How much time do you spend at work? On average, most workers spend 2,080 hours at work per year, and 90,000 hours at work over a lifetime. Consider the number of interactions you’ll have with your employers, coworkers, clients, and partners over the timespan. When work makes up for one-third of your life, it’s easy…
Pacific Prime and Bupa Global have teamed up to host a seminar on corporate wellbeing trends and opportunities at the China Club in Hong Kong, which was held on the 26th of September 2019. The seminar centered around the latest employee benefits trends and programs. We were also joined by the City Mental Health Alliance’s…
September is an exciting time of year for students to head back to school. As school administrators, however, it also means that it’s high time you should review your students’ safety, as well as the risk management strategy of your educational institution since changes year to year could lead to adjustments in your insurance needs.…
Climate change effects businesses in many ways; from physical damage due to strong winds, flood or fire to business interruption and employee liability costs. In light of the recent California wildfires, as well as the large hurricanes seen globally in 2018, climate-related insurance claims have gone up not only for the individual policyholders, but also…
Technological trends are influencing the ways in which employees view and consume employee benefits packages. For instance, they can now track their benefits and stay up to date with all the latest health and employee benefits news with just a few clicks of the mouse. Thanks to the latest tech, educating and informing employees about…
Nowadays, it’s not just a salary that keeps your employees loyal and happy. Other employee benefits such as company medical plans, flexible working hours, and paid time off are now as important, if not more so than pay. HR teams are thus facing a number of new challenges, chief among them being identifying the right…
We’re still at the start of 2018, but if this coming year is anything like the past couple of years, it’s going to be a big one for small business. For example, the number of new job seekers taking it upon themselves to start their own business at the end of 2016 was the highest…
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