Over the last century, the American workforce has both increased and aged as a greater number of workers remain on the job even after reaching retirement age. Some older workers remain active on the job because of improved health and true enjoyment of their jobs, while others need to keep working in order to have enough money for retirement. There are definite advantages to having more senior employees in the workplace, but there are also some issues employers need to consider to keep these older employees safe. In today's blog post, we'll look at how the aging workforce in America impacts local businesses and their commercial insurance coverage.

Workplace Accidents

Workplace accidents can occur at any time, and can involve older or younger employees. However, it may be more difficult for older employees to recover from a workplace injury, and without Workers Compensation insurance, employers could face lawsuits or be held for medical expenses out of pocket. Employers can protect employees by making sure they are not lifting heavy objects, and wearing protective gear when handling sensitive or dangerous materials. If your company employs older employees, it's essential to have Workers Compensation coverage to protect both employees and the business.

Commercial Drivers

A large number of businesses in Texas rely on commercial drivers to deliver merchandise or products, make service calls, or transport raw materials. However, older drivers may have more difficulty in seeing road signs or other road hazards, which could lead to commercial vehicle accidents. Employers can help mitigate these risks by ensuring that all commercial drivers get annual eye exams to ensure maximum driver safety. Companies should also ensure that they have excellent Commercial Auto Insurance coverage in the event of commercial vehicle accidents, personal injuries, or property damages.

Loss of Key Employees

With an older workforce, there is a greater risk of businesses losing key employees to illness or death, which could impact operational efficiency, vendor relationships, customer retention, and even company secrets or financial data. Businesses benefit by having Key Man Insurance to ensure the business can continue and even thrive after the loss of a company founder, CEO, or other key employee.

Aegis Insurance & Financial Services strives to ensure all Texas businesses have the Commercial Insurance coverage needed to protect both their companies and their workforce. Aegis offers a full range of top quality commercial insurance policies, including Business Owners Policy, Workers Compensation, Commercial Auto, Key Man Insurance, General Liability, and Excess Liability. Contact the Aegis team today at 713-850-7622, or fill out our Online Quote Form to get a free quote today!