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NH Global Partners Are Looking To Expand After Lockdown

The spread of COVID-19 continues to threaten the lives of millions, but businesses across the country and globe are beginning to reopen in order to avoid economic calamity that could spread even further harm. There is thus a desperate need to balance between the needs of workers and employers as we slowly but surely reopen our economy, something that’s often far easier said than done. Many entrepreneurs want to protect their workers but lack health expertise, for instance, which is creating many reopening conundrums across the marketplace.

As it turns out, we need not necessarily choose between economic vibrancy and worker safety. Here’s a review of how we can balance the needs of workers and employers alike as we begin to recover from COVID-19.

Liability protections could be coming

Republican lawmakers, particularly Senate Majority Leader Mitch McConnell of Kentucky, have made it clear that they will resist the passage of additional stimulus measures for the economy until wide-ranging liability protections for businesses are enacted in Congress. This means that liability protections could – and likely will be – forthcoming, as the Senate Majority Leader has a strong grip on his caucus and is unlikely to relent. While the White House and Congress continue to clash on this issue, there are good reasons to believe that liability protections will be offered in some form or another.

Nevertheless, employers won’t be entirely free of liability as we begin to reopen. More importantly, questions of liability need to be set aside so that workplace safety can be our foremost concern. Luckily, the CDC and others have provided helpful guidance that can be leveraged in the pursuit of balancing workers rights and employer needs in the days ahead.

All employers should set time aside to review the CDC’s recommendations on office buildings and how to go about reopening them. Fail to do this, and you may end up creating a hazardous work environment that weighs upon your conscience and generates legal challenges. Having a good employer of record is always recommended. Having a workplace health and safety plan is always important, but in this day and age it’s more important than ever before. Hiring outside health specialists may be worthwhile, especially if your business hires workers who are uniquely at-risk of COVID-19 or suffer from pre-existing health conditions.

Everyday employees should also read up to ensure they know their rights. Legal resources are available to help you if you feel as if you’re being exploited. You can only count upon yourself when it comes to your personal health and safety, so work hard to ensure that your employer is doing everything needed to keep your work environment clean and safe

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Key Man Insurance – Why your company needs it now for Protect the life of business

When it comes to insurance and your business, you probably already know that life insurance is what would help protect your family if you passed away.

What happens to your business, however, if your co-founder suddenly passed away? Would your business be able to continue? Especially if you run a small business, you might suddenly find yourself struggling to stay afloat. Chances are, you and your co-founder and other key members of your organization all have specialized knowledge that is required to keep your business running smoothly.

However, there is an insurance solution that you may want to invest in. Key man insurance could help protect your company in the event of a tragedy.

What is key man insurance?

Key man insurance is a type of life insurance. The business takes out a policy on key members of the company, such as the founders. If that person suddenly dies or is put into a critical position where they’re unable to work, the company can receive an insurance payoff. However, the person insured must sign off on the policy.

Unlike typical life insurance, which generally goes to the beneficiaries of a person, the insurance payoff from key man insurance goes to the company. Some types of key man insurance also allow business partners to purchase the shares of the deceased before the shares go to the family. This allows the shares to stay within the business.

Why do businesses need key man insurance?

There are several reasons why businesses need key man insurance. Losing a key member of your team can result in huge financial problems. That key person played a critical role in your organization. Without them, you may find yourself struggling to lead properly or certain parts of your business no longer being successful.

Key man insurance can help cover some of that financial loss. It could be used in a variety of ways, from hiring a new team member to making up a loss of profits as you adjust to new dynamics. In some cases, it can also help you if you have to close your company down. The money can be used to cover closing costs and severance pay.

Who does key man insurance protect?

Key man insurance protects anybody that is essential to the success of your business. It doesn’t necessarily just have to be your founding staff; it could be anybody that contributes to the profitability of your business.

Key man insurance covers people towards the top of your business, such as the founders and your top salesperson. But it could also be used to cover people such as your office manager (since they help keep administrative tasks running smoothly) or your website developer (without them, your website could crash). There is quite a bit of flexibility as to who is protected by key man insurance. The decision as to who to insure depends on the size of your company and your budget.

How much key man insurance should you get?

You should get as much as you can afford. When it comes time to insure, keep in mind that the company will assess the general health of each employee that is being covered. You might discover that the premiums of your key man insurance go up if you have older people working in the company, individuals with health issues, or smokers.

You’ll need to be upfront with any medical problems an employee might have. Some insurance companies will require you to submit a medical background from a doctor for each employee. Most companies will provide an estimated calculation to give you a better sense of how much insurance will cost before you have to commit.

How do you find key man insurance?

To start finding key man insurance, work with an agent. You can look for an agent in your area or use a site such as MyKeyManInsurance.com. An agent will have your company’s best interest in mind and will help you locate plans that could meet your needs. They will compare and contrast different plans for you and advise you on what plan will work for your company. They can also help you determine if you even need key man insurance.

Final thoughts

Key man insurance is just another way you can help protect your company. Many companies don’t even realize they need it until they face an unfortunate loss of an employee. Hopefully, you’ll never need it, but having a policy in place can help keep your company from going under.

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+ 020 7112 8844
My Key Finance Limited Registered Office: Rutland House, Baxter Avenue, Southend On Sea, Essex SS26HZ

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Coronavirus Forces Switch To Remote Work For DevOps Teams

DevOps stands for Development and Operations. DevOps solutions enable an organisation to adapt to the changes at a faster pace and improve traditional software development and infrastructure processes. It allows combining software development and information technology to provide high-quality software for different business processes.

The COVID-19 pandemic has stagnated people and businesses across the world. It has forced them to adapt to a new lifestyle wherein social distancing and remote work are the “new norm”. DevOps teams can use the IT automation tools for coordination with different sites to run critical systems. However, there are certain practices that need to be followed for the smooth functioning of the DevOps team working remotely.

Tips To Improve The Remote Working Of DevOps Teams

  1. Standardise Communication Tools

The organisation needs to standardise the communication, and basic tools that are required for the smooth functioning of the team. DevOps services require efficient and resilient systems that help in improving software quality and faster deployment. When managing remote operations, it is important to build a robust communication channel that ensures no misunderstanding within the team at any stage.

It is important to make sure that every team member has a clear understanding of any changes during the developmental stage. When managing DevOps teams, it is required to enable a smooth flow of communication across sites. It will enable the effective implementation of collaboration tools.

  1. Quality-focused Approach

McKinsey & Company states that remote working may improve the productivity and quantity of work, but it can significantly affect the quality of work. A DevOps team must ensure quality output and focus on measurable, feasible and accurate working by utilising various IT automation tools. It will not only help in focusing more on quality rather than quantity but will also help in setting clear goals.

Working remotely can significantly improve productivity, but it is important to resolve any quality issues that may arise because of distributed work. Various DevOps solution providers neglect this important aspect and despite having a sound team, fails to deliver a good product.

  1. Do Not Micromanage

Remote team productivity can be improvised with proper structure, planning, coordination and timely management of available resources. But it is important to focus more on results rather than worrying about the activity. Micromanaging the team can create uncertainty and disrupt the development process.

It is important to be prescriptive about the tools to be used, and not about how it is to be used. Creating a simple work schedule will ensure timely completion of tasks. DevOps services are as good as team members. Therefore it is important to provide responsibility along with authority.

  1. Flexibility and Agility

DevOps is a critical and time-consuming process. It requires proper planning and structural implementation for smooth deployment of services. But there might be certain unforeseen challenges that might come up unexpectedly. The DevOps team needs to remain flexible with the development and become agile with their approach.

It will enable the team to make crucial business decisions timely and reduce any unforeseen impact. There might be chances that things will not go as per planned, but maintaining the agility and flexibility in the approach will help in reducing the impact.

  1. Evaluate Current Practices

DevOps enables speedy and rapid experimentation of changes to succeed in the competitive market. With the advent of coronavirus, businesses are forced to change their traditional practices. It is necessary to create a flexible framework that ensures the best business practices as per the needs.

It is important to keep work simple, concise and maintain operational efficiency with the help of DevOps solutions.

While various organisations create in-house DevOps teams, some prefer to outsource DevOps solution providers. Outsourcing will ensure the organisation to keep the focus on the important aspect of the day to day working within the organisation.

Cuelogic is an industry-leading DevOps service provider. It provides automated deployment of a solution with real-time monitoring and logging. Cuelogic builds resilient systems that utilise the best in class tools and high-end technology. Cuelogic also provides continuous integration with the existing system by utilising the central repository. It makes the software development process easier and quicker.

Conclusion

Coronavirus has altered the lifestyle of people across the world. It has certainly forced businesses to develop new technology to ensure uninterrupted work. While there are various caveats with remote working and managing teams, it will be the new norm for quite some time. It is therefore important for business organisations to adapt to this new norm and develop technology for the smooth functioning of the business processes.

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New York, NY 10001

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Top Reasons to Hire an experienced Appellate Attorneys

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