INSURANCE TRENDS
Jump-starting The Economy :
INSURANCE TRENDS AND CONSIDERATIONS
The infrastructure plan currently being debated by the US Government could have effects that filter down to every aspect of American life .. With that in mind , it should come as no surprise that business owners and the companies that help them manage their risks are keeping a close eye on how things might play out .
HERE ARE SOME OF THE LARGEST TRENDS TO EXPECT MOVING FORWARD :
• One of the largest trends that manifested itself in 2020 ( as a direct result of the pandemic ) is the switch from physical workplaces to digital ones . More and more businesses have shifted to home-based operations when possible . This may not apply to companies that involve physical work like construction , utility , or various installations , but it is still something to keep an eye on . This is particularly true given the increasing reliance on technology at jobsites .
In 2021 and beyond , it is likely that the trend of working digitally will expand in some ways and shrink in others . Even while consumers continue to flock to digital services , some are going to be going back to what they did before . Stores will begin to reopen , restaurants will begin to serve food inside again , and businesses will once again become open to all of the risks that come along with serving their customers face to face .
• With the further expansion of digital services , it is important to keep in mind that many companies feel as though the technologies they rely on come up short in one or more ways . Furthermore , cybersecurity is an issue that cannot be overstated . Technology spending should be equally concerned with security and expansion . Data privacy , cloud security , and analytics are all big investment priorities and will bring along with them many new risks for companies .
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