Central Insurance Unveils Industry-Leading Benefits Package, Expands Paid Time Off Offers – InsuranceNewsNet

VAN WERT, Ohio, June 23, 2022 (GLOBE NEWSWIRE) — Central Insurance, a leading property and casualty insurer, last week announced a new company-wide benefits program aimed at creating an unparalleled employee experience that reflects the commitment of the company towards relationships. Leveraging benchmarks from the tech industry, known for its flexible and forward-thinking leave policies, the competitive package is designed to maximize flexibility, better support its more than 700 employees and their families, and foster a culture that gives priority to the care of its personnel. . The expanded policy came into effect on June 13, 2022.

“At Central Insurance, we invest in our people and treat each of our employees like owners. When our team heard that paid time off was an area for improvement, we took action,” said Evan Purmort, CEO and President. “The insurance industry is changing rapidly and our benefits package needed to reflect a workplace built for the future. That’s why we developed our policy to be over 75% of what the best tech companies are currently offering. This announcement marks a critical milestone for not just our company, but the industry as a whole.”

The revamped perk set includes the following:

• Additional paid leave: Each new hire will receive 20 vacation days at the start of their hire date. In addition, employees with between 10 and 24 years of service will receive 25 days and those with more than 25 years of service will receive 30 days.
• Expanded Paid Parental Leave: To fully support growing families, Central Assurances is significantly strengthening its parental leave policy. Both parents will be granted 100% paid leave for births, adoptions and placement of a child in foster care for 12 weeks.
• Increase in bereavement leave: In unfortunate circumstances such as death, Central Assurances wants to be a true companion and ensure that employees take care of themselves by taking the time necessary to grieve. Employees will now have eight weeks of 100% paid leave in the event of the death of a spouse or child.
• Addition of paid leave for caregivers: To further support employees and their families, Central Insurance is increasing compassionate care leave from zero to eight weeks with 100% pay to care for a family member with a serious medical condition.
• Paid sick days: Since minor illnesses of employees and their children are unpredictable, Central Insurance employees will benefit from 10 new sick days per year.

The 146-year-old organization recently appointed Jena Wierwille as Vice President of Human Resources, with the goal of executing the organization’s revitalized vision for a modern and scalable HR structure.

“The ability to deliver leading, leading benefits in our industry is a top priority. Our employees should never have to choose between their job and taking care of themselves and their families,” said said Wierwille. “We believe this is the right decision for Central Insurance and its staff, and aligns directly with our vision for the future of the organization.”

In addition to newly added paid time off, the company continues to offer a competitive and comprehensive benefits package designed to meet ever-changing needs and help build financial security for the future.

To learn more, visit www.central-insurance.com.

About Central Insurance
The Central Mutual Was founded in Vanwert, Ohio, in 1876, and has since evolved into Central Insurance, a property and casualty insurance company providing premium coverage to hundreds of thousands of individuals and businesses nationwide. Central remains based at Van Wert and operates regional offices in Boston, Atlantaand dallaswith satellite offices in Columbusand Salt Lake City. Central Insurance has combined assets of over $2 billion. of the Center AM Best the rating is A (Excellent). For more information, visit central-insurance.com.

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Source: Central Insurance