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Permitting staff to work at home can provide many benefits

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Telecommuting, workshifting or working from home – regardless of what small business owners want to call it – is becoming as popular as ever before and is a policy that many firm owners may have to consider. According to a recent survey conducted by Citrix, 65 percent of respondents said their employees enjoy the flexibility provided by working from home, while 61 said they are fans of not having to make the daily commute to work.

“The technology to enable the workplace of the future is already available and proven, and plans for workplace redesign can easily be put in place,” said Mick Hollison, vice president of integrated marketing and strategy for Citrix. “The real winners will be those that get the people management and culture right, to empower the workforce of the future.”

Establish a working-from-home policy
Small business owners who are allowing their employees to telecommute should first research how to manage staff that can be connected to the company from a number of different locations throughout the world. According to Business Insider, there are several inclusions small business owners should add to their policies on working from home.

•Equipment use: If business owners provide their staff with employer-managed devices in which to work from anywhere, staff members must agree to a set of guidelines of acceptable use of those devices.

•Securing company data: Small business owners need to make sure their data is protected with working virus protection software and cyberliability insurance, which keeps firms free of wrongdoing if devices become hacked. Firm owners must keep staff aware of these procedures.

•Expenses to be reimbursed: If employees need access to the internet to complete all of their tasks while working from home, small business owners should have guidelines discussing whether or not the company will pay for their connection.

Working from home allows for cost savings
A few of the benefits small business owners are able to see when giving their staff the ability to work at home are potential cost savings on office space and having employees that are willing to work outside traditional office hours. The survey found 53 percent of firms have experienced lower employee-related costs when using workshifting policies.

“Organizations are encouraging people to operate outside of the traditional workplace on their own personal devices to improve the bottom line – by making the organization more responsive, improving productivity and reducing the cost of real estate and device management,” said Hollison.

 

General Liability Insurance

What Is General Liability Insurance? Commercial General Liability Insurance protects small-business owners from claims of injury, property damage, and negligence related to their business activities.

Workers’ Compensation

What Is Workers’ Compensation Insurance? Workers’ compensation insurance covers your employees’ medical expenses and at least some portion of their lost wages if they are injured on the job.

Business Owners Policy

What Is a Business Owners Policy? A BOP is simply bundled insurance designed to provide essential coverage to certain business owners at a competitive price. A BOP insurance coverage includes

Professional Liability Insurance

Professional liability insurance also called , errors and omissions insurance (E&O; insurance), protects you if a client claims that your services caused them to suffer a financial loss. While general liability insurance is primarily focused on property damage or bodily injury,

Disability Benefits Insurance

Employers in New York State are obligated to offer disability benefits insurance to their employees. This coverage is specifically designed to provide financial assistance in the event of off-the-job injuries or illnesses.



Business Umbrella Insurance

Without Business Umbrella Insurance (also sometimes called Umbrella Liability Insurance or Excess Liability Insurance ), you would have to pay the uncovered expenses out-of-pocket. Even if you carry General Liability Insurance for your business, without business umbrellainsurance you might face a repair, settlement, or judgment in excess of your coverage limit.

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