From municipalities to utilities and transit authorities, the public sector is exposed to unique risk and human capital issues. Our public sector and education team leverages knowledge, proprietary analytics and data to help you protect public assets and meet your objectives.
Public entities provide crucial benefits to our communities and much of the necessary infrastructure for state and local enterprise. Public entities face constant economic, political and technological changes, creating a broad array of risks. These challenges reinforce the need for renewed focus and discipline in proactively managing people and risk issues.
Our team stays abreast of political risks, legislation changes, market dynamics, climate change, talent management and safety to help you navigate a changing landscape. We will partner with you to create the right risk management and talent solutions to drive superior results.
If you’re wondering what industry excellence means for our public sector and education clients, watch this video to find out more.
Public entities we serve
Our diverse relationships include:
- Municipalities, cities and counties
- Ports and transportation authorities
- Native American tribal governments
- Public/private organizations
- Utilities
- State and provincial governments
- K-12 and higher education
- Airports
- Transit authorities
The future of risk for the public sector
Public entities are adopting new digital technologies to provide better services to their communities. But they are exposing themselves to new risks and talent issues. For example, poor data management and information security and rising political risk create the risk of cyber and ransomware attacks and data breaches.
Meanwhile, budget constraints make it hard for public entities to hire talent with important digital and financial skills.
Other risks facing the public sector include:
- Wrongful termination lawsuits
- Political risks
- Pandemics
- Terrorism events
- Breach events
- Extreme weather events and natural disasters
- Cyber legislation changes
- Law enforcement liability
- Retirement benefits
- Sexual misconduct
- Inclusion and diversity
- Rioting
- Climate change
- Budgetary constraints
- Fiduciary liability
- Talent management
- Litigation
Public sector risk management and insurance
At WTW, we take a “hands-on” approach to broking. We partner with you to understand your needs. We then identify and prioritize your risks. Using our proprietary data and analytics, we will create and assemble risk management solutions in line with your unique needs.
Our relationships with insurance markets are global, including Europe, United Kingdom, the United States and Bermuda. The depth of our global teams provides access to insurance markets in virtually every region of the world. Our global reach helps to optimize your coverage.
The WTW difference: Human capital
We also can help you develop HR programs to attract and retain the critical talent you need to succeed. Understanding that each public entity has distinctly different human capital needs, we can help you tailor HR programs to your unique requirements.
