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EPIC Client Showcase: Burger Lounge

… high-volume stores. Miguel and the others on the leadership team have found a way to keep employees engaged even if they are temporarily out of work. They have a weekly newsletter to update all employees on what is being done to prepare for on-premise to resume, to keep employees and guests safe. They want all employees to feel connected to Burger Lounge even if some employees are not currently working.  They want them to be excited to return to the workplace. Employee morale is up as they see what the leadership team has done to emerge in …

https://www.epicbrokers.com/insights/epic-client-showcase-burger-lounge/

Unrealized Potential: Missed Sales Opportunities & Profit Protection

… the economic impact caused by the current pandemic crisis is unknown, we know companies will continue to look for ways to increase profitability and growth. In the short term, expect to see a 25-30% reduction in operating budgets. This will create challenges for loss prevention (LP) departments if organizational leadership views their LP team simply as security guards who catch thieves and regard shrink only as a line on the profit and loss statement. An effective profit protection model views shrink as a resolutely complex and interwoven problem transcending company and departmental boundaries that requires a multi-faceted and …

https://www.epicbrokers.com/insights/unrealized-potential-missed-sales-opportunities-profit-protection/

Survey Highlights Accounting Industry's Response to SBA Paycheck Protection Program

… addition to modifying engagement letter terms and conditions, firms also reported taking additional action to ensure appropriate risk management and quality control procedures were in place when providing PPP-related advisory services to their clients including: Issuing written policies or guidance to its professionals regarding engagement acceptance (64%) Issuing written policies and guidance for planning, performing and reviewing the work (45%) and Creating internal templates and toolkits (91%) 91% of respondents indicated their firms had published toolkits, guides or other thought leadership regarding the PPP for use by their clients and the general public. Please contact Owen Bailitz at …

https://www.epicbrokers.com/insights/survey-highlights-accounting-industrys-response-to-sba-paycheck-protection-program/

Specialty Retailer Reduces Shrinkage by Millions

… assurance Business continuity On-site visits and regional partnerships The Investigation The EPIC team gained a better understanding of the underlying root causes of shrink through a comprehensive data analysis of shrink results, coupled with an expert understanding of the company’s business model through partnerships with local and regional leadership. An intimate understanding of business needs and functions, along with the analysis results, provided insight into how resources could be allocated to produce the most impactful effect on shrink results. The Solution Audit and visit recap information provided feedback to the client and pinpointed areas of loss that were …

https://www.epicbrokers.com/insights/specialty-retailer-reduces-shrinkage-by-millions/

Kent Collier Named as ENR New England Top Young Professional

Congratulations to Kent W. Collier with Greyling Insurance Brokerage & Risk Consulting, a division of EPIC, for being named as one of ENR New England’s Top Young Professionals for 2020. The Engineering News-Record (ENR) honors individuals who have built extraordinary industry portfolios. The panel of industry judges considered from numerous professionals in Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island and Vermont, weighing each candidate’s experience, education, leadership and community service. Kent’s recognition is particularly notable as few, if any, insurance brokers have received such an award in the past from ENR. Most recipients are practicing architects, engineers …

https://www.epicbrokers.com/insights/kent-collier-named-enr-new-england-top-young-professional/

EPIC Announces Dave Howard as President of EPIC Select

… to his role, which was obtained through various management, legal and business operations consulting roles. He has held positions with the New York Mets, The Madison Square Garden Company, Howard and Sergi LLC, and Brightline Trains. “I am thrilled to join EPIC and head up EPIC Select. We have the leadership and expertise required to help successful people with unique risk factors protect their businesses, families and assets, while navigating these evolving times,” said Howard. EPIC Select brings together personal, commercial, life, and disability insurance specialists to provide concierge level service for high net worth families, family offices, and their …

https://www.epicbrokers.com/insights/epic-announces-dave-howard-as-president-of-epic-select/

Covering Coronavirus: Risk Considerations Volume 1, Issue 8

… to doctors, nurses and others making difficult choices that can, at times, involve deciding who receives access to increasingly limited resources and hospital beds.   Proposed Ban on Surprise Medical Bills Senator Lamar Alexander of Tennessee made news recently when he tweeted that he signed on to a letter encouraging congressional leadership to protect patients from all surprise medical bills. The letter asks for protections to be included for patients in future coronavirus legislation that “ensure during this time of uncertainty, patients and their families have peace of mind knowing they will not receive unexpected medical bills when seeking treatment for …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-8/

Covering Coronavirus: Risk Considerations Volume 1, Issue 6

… to lean in to their ‘new normal.’ Employers everywhere can help their employees by encouraging them to adopt habits that promote a healthy work-life balance. Great Places to Work suggests the following four ways to promote balance and avoid burnout while working from home and suggests the burden of leadership falls to employers to help their workers succeed in this area. Embrace flexible scheduling. Understand that employees are different. Some are more productive in the morning, while others are able to get more done in the afternoon or evening. Productivity patterns may be different now that people are working …

https://www.epicbrokers.com/insights/covering-coronavirus-risk-considerations-volume-1-issue-6/