Liberty Mutual upgrades EAP for construction policyholders
To help mid-size construction companies drive business performance and lower the total cost of risk, Liberty Mutual has collaborated with Magellan Healthcare to provide an Employee Assistance Program (EAP) solution.
Now contractors can access a superior EAP at special rates to help employees address some of today’s major stresses potentially impacting individual – and therefore company – performance: coronavirus, opioid prescription misuse and economic uncertainty.
“Providing access to a leading EAP is a natural extension of our holistic and empathetic approach to workers compensation,” said Liberty Mutual’s Distribution Construction Executive Ben Beauvais. “Contractors understand the direct link between stress, employee productivity and business performance. That’s why we found overwhelming buyer and broker interest in accessing an EAP through a workers compensation carrier as we developed the offering.”
However, as Liberty Mutual’s Northeast Division Underwriting Manager for Construction Ryan Powers explained, the cost of EAPs can be a barrier. “While many mid-size contractors want to provide an EAP, they often can’t due to expense constraints. Our offering helps mid-size contractors gain all the productivity enhancing benefits of an EAP at special rates.”
Under the program, construction companies that are workers compensation policyholders of Liberty Mutual can access a proven EAP to help employees address mental health, substance abuse, financial and legal challenges and other concerns through coaching and counseling. Through such services, Magellan Healthcare, a wholly owned subsidiary of Magellan Health, has helped employers boost productivity and significantly reduce absenteeism.