Alera Group has released a report detailing the effects of the COVID-19 pandemic on 10 especially hard-hit sectors. The report, COVID-19 Industry Impacts, incorporates assessments from both employee benefits and property-casualty experts, Alera Group said.
“The industries we addressed in our report are facing significant, unprecedented challenges in light of COVID-19,” said Sally Prather, employee benefits practice leader for Alera Group. “Given Alera Group’s depth and breadth in both the property and 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.”
The report details the COVID-19 outbreak’s impact on agriculture, construction, higher education, healthcare, hospitality and gaming, manufacturing, non-profit organizations, the public sector, restaurants and small businesses. Many businesses in these sectors are struggling with absenteeism, remote and virtual working environments, workers’ compensation issues, risk management and business interruption, Alera Group said.
“One thing is certain: this is not business as usual,” said Mark Englert, property and casualty practice leader for Alera Group. “Economic uncertainty is forcing businesses to contemplate a post-COVID-19 world. Our report is geared at helping employers in each of these 10 industries successfully navigate unchartered territory.”
The full report can be viewed at: https://cloud.aleragroup.com/covid-19industryverticals/.
