Expanding the Company's suite of HR solutions,
Würk and The Baldwin Group (formerly AHT Insurance) leverage
decades of experience to help companies take control of their
health insurance benefits
DENVER, Sept. 17,
2024 /PRNewswire/ -- Würk, the leading human
capital management (HCM) company in the cannabis industry, today
announced a first-of-its-kind insurance collaboration with The
Baldwin Group (formerly AHT Insurance) that will reshape legal
cannabis companies' approach to evaluating health benefits.
Leveraging their expertise in human capital management, insurance,
and risk management, Würk and The Baldwin Group will introduce
clients to Employee Benefit Captives, Predictive Risk Scoring and
forward-looking claim projections that will help them gain an acute
understanding of their particular health insurance premiums and
identify potential cost-saving alternatives.
Würk enables clients to manage the cannabis industry's rapid
growth effectively by providing leading HCM tools and solutions to
normalize the cannabis economy. The Baldwin Group deploys
Artificial Intelligence driven underwriting to provide clients with
12-month Forward Looking Claim Projections and Predictive Risk
Scores, which highlights the cost drivers of particular health
insurance premiums. Both tools help provide a pro-forma financial
analysis that will help determine if a client is best suited for an
Employee Benefit Captive, a specialized benefit arrangement where
multiple employers pool their resources to form a captive insurance
plan.
The Employee Benefit Captive, an innovative alternative to the
traditional insurance plan, empowers employers to take control of
their insurance costs while maintaining top-tier benefits for their
valued team members. Premiums, set by an underwriting team at the
captive manager and paid to the captive by each employer, create a
stable risk pool. Each captive is underwritten to a client's
specific risk profile, offering more flexibility and long-term
stability than traditional plans.
"It is often said that knowledge is power and, with that in
mind, we are proud to collaborate with Würk to equip cannabis
companies with the information needed to make the best decision
possible when choosing an insurance plan," said Steven Uno, Senior Partner at The Baldwin Group.
"Combining our knowledge of human capital management, insurance,
and risk management, we can introduce a new approach to insurance
that will allow Würk's clients to be more flexible and potentially
save money that can be used to enhance a company's product
portfolio, cultivation efforts, manufacturing efforts and much
more."
"The Baldwin Group is the ideal firm to bring our newest human
capital management solution to market," said Deborah Saneman, CEO of Würk. "Expanding our
suite of human resource solutions, our Employee Benefit Captive
program, along with our ability to offer Predictive Risk Scores and
12-month Forward-Looking Claim Projections, amplifies our
commitment to supplying cannabis operators with industry-specific
workplace solutions and reemphasizes our position as the legal
cannabis industry's premier human capital management solutions
provider."
Würk is an all-inclusive destination for cannabis operators
seeking simple and intuitive workforce management solutions focused
on usability and people. In collaboration with The Baldwin Group,
Würk is the first human capital management partner specializing in
cannabis to offer Employee Benefit Captives, Predictive Risk
Scores, and 12-month Forward-Looking Claim Projections. The
Company's unparalleled commitment to the cannabis industry equips
clients with industry-specific solutions, rather than
one-size-fits-all alternatives. For more information, please visit
https://enjoywurk.com/benefits-captive-program/.
About Würk
Würk allows cannabis companies to manage
payroll, human resources, timekeeping, scheduling and tax
compliance, and minimizes compliance risks in the ever-changing
cannabis regulatory environment. The company uses its expertise and
trusted partnerships to provide guidance on 280E tax law,
accounting and compliant banking. Its platform is designed to scale
nationally with the growth of the industry, while incorporating the
local laws and regulations unique to individual states. For more
information visit https://enjoywurk.com/.
ABOUT THE BALDWIN GROUP
The Baldwin Group, the brand
name for The Baldwin Insurance Group, Inc. (NASDAQ: BWIN) and its
affiliates (collectively, "Baldwin"), is an independent insurance
distribution firm providing indispensable expertise and insights
that strive to give our clients the confidence to pursue their
purpose, passion, and dreams. As a team of dedicated entrepreneurs
and insurance professionals, we have come together to help protect
the possible for our clients. We do this by delivering bespoke
client solutions, services, and innovation through our
comprehensive and tailored approach to risk management, insurance,
and employee benefits. We support our clients, colleagues,
insurance company partners, and communities through the deployment
of vanguard resources and capital to drive our organic and
inorganic growth. The Baldwin Group proudly represents more than
two million clients across the United
States and internationally. For more information, please
visit www.baldwin.com.
Media Contacts:
Würk
MATTIO Communications
wurk@mattio.com
The Baldwin Group
Jenny
Lachesky
The Baldwin Group
Jenny.Lachesky@baldwin.com
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SOURCE Würk