Employee Benefits

Alera Group Report Breaks Down COVID-19’s Impact on 10 Hard Hit Industries

May 4, 2020

Report Provides Unique Perspective from Both Property & Casualty and Employee Benefits Experts

Alera Group, a national employee benefits, property and casualty, retirement services and wealth management firm, today released an extensive report detailing the effects of COVID-19 on 10 sectors hit hardest during the pandemic. The report, COVID-19 Industry Impacts, incorporates assessments and expertise from both employee benefits and property & casualty experts across the country.

"The industries we addressed in our report are facing significant, unprecedented challenges in light of COVID-19,” says Sally Prather, Alera Group’s Employee Benefits Practice Leader. “Given Alera Group’s depth and breadth in both the property & casualty and employee benefits markets, our team of geographically-diverse experts felt compelled to come together to provide valuable resources to employers who are not only struggling with how to keep their businesses afloat, but also handle the very human aspect of caring for employees.”

Headed up by Employee Benefits Practice Leader, Sally Prather, and Property and Casualty Practice Leader, Mark Englert, the informative report details the pandemic’s impact on agriculture, construction, higher education, healthcare, hospitality and gaming, manufacturing, nonprofit organizations, the public sector, restaurants, and small businesses.

While each of these 10 industries is facing its own set of nuanced challenges, many are grappling with absenteeism, remote and virtual working environments, workers’ compensation, risk management, and business interruption. “One thing is certain: this is not business as usual. Economic uncertainty is forcing businesses to contemplate a post-COVID-19 world,” says Mark Englert, Property and Casualty Practice Leader.

Continues Englert, “Our report is geared at helping employers in each of these 10 industries successfully navigate unchartered territory.”

Another point that comes across loud and clear in the report: now is the time for any business to be partnering with their broker to contain costs and control risks.

The full report can be viewed here.

On the heels of the COVID-19 Industry Impact Report, Alera Group recently conducted the Alera Group COVID-19 Employer Pulse Survey with more than 830 employers from various industries and regions providing input on ways employers throughout the country and in various industries are navigating employee health, benefits and human resources issues in the changing landscape.

About Alera Group
With over 80 firms across the country and nearly 2,000 teammates, Alera Group works together to deliver solutions in employee benefits, property and casualty, retirement services and wealth management. Built on a unique model of collaboration, Alera Group is now the 17th largest independent insurance agency in the United States. For more information, visit aleragroup.com.